Print version produced   2009-05-26 09.26.48

Study Units

katal »
Bachelor’s Degree

Bachelor’s Degree

Code 70002

Scope cr 180

Content

Bachelor’s Degree

Specialisation field of general economics:

  • All-Faculty General Studies 25
  • Basic and Intermediate Studies (including Bachelor’s Thesis) 84
  • Compulsory Minor Subject Studies (Mathematics and Statistics) 50
  • Other Minor Subject Studies (Elective Studies) 21

Specialisation field of econometrics:

  • All-Faculty General Studies 21
  • Basic and Intermediate Studies (including Bachelor’s Thesis) 84
  • Compulsory Minor Subject Studies (Mathematics and Statistics) 75

Subunits

katal »
Bachelor’s Degree »
General Studies

General Studies

Scope cr 16

Content

General Studies- general economics: 25 credits

  • econometrics: 20 credits

General Studies:

  • Orientation Course for International Students (HOPS = Personal Study Plan ) 2 credits
  • Finnish/Swedish language 10 - 15 credits (in econometrics min. 10 credits)
  • Foreign Language Text Comprehension + Oral Course 3 credits
  • ICT (tvt-opinnot) 5 credits
katal »
Bachelor’s Degree »
KA1 Principles of Economics
katal »
Bachelor’s Degree »
KA6 Special Topics »
KA1 Principles of Economics
katal »
Economics as a Minor Subject »
KA1 Principles of Economics

KA1 Principles of Economics

Code 70101

Scope cr 5

Objectives

The aim is to familiarise the student with the foundations of modern micro- and macroeconomic theory. Among the themes covered are: the theory of demand and supply, the market structures, the functioning of labour and money markets, welfare economics and economic policy, international economics.

Mode of assessment

A lecture course (40 - 50 hours), practical exercises and examinations.

Literature

Readings for international students:

  • Gillespie Andrew: Foundations of Economics, Oxford University Press, 2007, (chapters 1-6, 9-13, 18-31).
  • European Central Bank: The Monetary Policy of the ECB 2004, (chapters 2-3).

http://www.ecb.int/pub/pdf/other/monetarypolicy2004en.pdf

  • Kiander J & Kröger O & Romppanen A (ed.): Finnish Economy, Structural Indicators 2006, (chapters 1 and 3. Government Institute for Economic Research, Helsinki 2006.)

http://www.vatt.fi/file/vatt_publication_pdf/finnisheconomy2006.pdf

N.B. Exercises (basic-level mathematical analysis / applications) are on important part of the studies in economics. The students who have not taken part in KA 1-course should fix themselves up with exercise material either independently or preferably by contacting responsible teacher Mai Allo well in time before the exam.

Courses

katal »
Bachelor’s Degree »
KA2 Introduction to the Finnish and World Economies
katal »
Economics as a Minor Subject »
KA2 Introduction to the Finnish and World Economies

KA2 Introduction to the Finnish and World Economies

Code 70102

Scope cr 5

Objectives

The study unit is an introduction to the development, present state, structure and problems of Finnish and global economies and to the System of National Accounts.

Mode of assessment

A lecture course (24 hours) in Finnish and examinations.

Literature

The list of English readings for KA2 (Introduction to the Finnish and World Economies) is

  • Kenwood, A. G. & Lougheed, A. L.: The Growth of the International Economy 1820-2000 (4th ed.), excluding parts 2 and 3;
  • Hjerppe, Riitta: The Finnish Economy 1860-1985, Growth and Structural Change. Bank of Finland Publications, Studies on Finland's Economic Growth XIII Helsinki 1989, 295 pages.
  • Ministry of Finance Finland (the latest September version): Economic Survey

You can download the survey at:

http://www.vm.fi/vm/en/04_publications_and_documents/01_publications/02_economic_surveys/20080915Econom/Netti_Taloudellinen_katsaus_syyskuu_enkku_%2b_KANNET.pdf

Courses

katal »
Bachelor’s Degree »
KA3 Orientation in working life

KA3 Orientation in working life

Code 70120

Scope cr 2

Mode of assessment

Major subject students of economics must complete also the study unit Orientation in Working Life. Students can compensate The Orientation in Working Life - unit by taking for example the courses organized by the Career Services of the University of Helsinki. Please, consult the administrator of the department or assistant Juha Tervala.

katal »
Bachelor’s Degree »
KA4 Microeconomic Theory
katal »
Economics as a Minor Subject »
KA4 Microeconomic Theory

KA4 Microeconomic Theory

Code 70131

Scope cr 12

Objectives

The aim is to introduce the micro basis of economic theory and to give an insight into some microeconomic applications. Among the topics are the following: further analysis of consumer demand; the theory of the firm; market structures; general equilibrium analysis and welfare theory.

Mode of assessment

A lecture course (45 hours) in Finnish, practical exercises and examinations.

Literature

  • Varian H R: Intermediate Microeconomics. A Modern Approach (7th ed.), excluding chapters 11 and 13.

Courses

katal »
Bachelor’s Degree »
KA5 Macroeconomic Theory
katal »
Economics as a Minor Subject »
KA5 Macroeconomic Theory

KA5 Macroeconomic Theory

Code 70132

Scope cr 12

Objectives

The aim of the study unit is to familiarise the student with macrotheoretical economic analysis so as to enable him/her to analyse economic policy with macroeconomic tools. Among the topics are the determination of national income, employment and inflation, and their dependence on fiscal, monetary and exchange rate policies. Special attention will be paid to the problems of open economies. Acquaintance with the Finnish economy is also required.

Content

The course on macroeconomic theory, (KA5), focuses on phenomena which are associated with the economy as a whole and in which the intertemporal choices of economic agents (e.g. saving, investment) play an essential role. Such phenomena are e.g. economic growth, unemployment, income distribution, inflation and the development of currency and asset markets. The course provides students with an aggregate view of the economy and equips them with the necessary tools for analyzing the effects of fiscal and monetary policy.

Prerequisites

Biämnesstuderande: studieperiod KA1.

Mode of assessment

A lecture course (45 hours) in Finnish, practical exercises and examinations.

Literature

Readings for international students:

  • Burda M & Wyplosz C: Macroeconomics, A European Text (3rd ed. or 4th ed.).

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics
katal »
Economics as a Minor Subject »
KA6 Special Topics

KA6 Special Topics

Scope cr 20

Major subject students must complete at least four 5 credits courses.

Objectives

The aim is to introduce some special topics in economics from which the student must choose at least four 5 credits courses.

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit.

Minor subject students: Study unit KA1 is recommended. For study unit KA6h study unit KA5 (macroeconomic theory) is also required. For study units KA6j and KA6k study unit KA7 (Introduction to Econometrics) is also required. It is also recommended that the student has completed study unit KA8 (Mathematical Methods in Economics) before taking study unit KA6j.

Mode of assessment

A lecture course (24 hours) in Finnish and examinations.

Subunits

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6a Theory of International Trade

KA6a Theory of International Trade

Code 70151

Scope cr 5

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit.

Minor subject students: Study unit KA1.

Literature

  • Appleyard D R & Field, Jr. A J: International Economics (3rd or 4th ed.), chapters 2-16 and 18.

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6b Public Economics

KA6b Public Economics

Code 70152

Scope cr 5

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

  • Stiglitz Joseph E.: Economics of the public sector (3rd ed.), chapters 1-6, 9, 17-20.

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6c Environmental Economics

KA6c Environmental Economics

Code 70163

Scope cr 5

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit.

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6d Urban Economics

KA6d Urban Economics

Code 70181

Scope cr 5

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6e Labor Economics

KA6e Labor Economics

Code 70168

Scope cr 5

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

  • Borjas G J: Labor Economics (3rd or 4th ed.).
katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6f Theory of Finance and Financial Markets

KA6f Theory of Finance and Financial Markets

Code 70159

Scope cr 5

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. Minor subject students: Study unit KA1.

Literature

  • Brealey R & Myers S: Principles of Corporate Finance (6th ed.), chapters 2, 4, 6-8, 13-18 and 20 or (7th ed.), chapters 2, 4, 6-8, 13-18 and 20-21;
  • Rajan R G & Zingales L: Saving Capitalism from the Capitalists, Part I.

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6g National accounts and economic statistics

KA6g National accounts and economic statistics

Code 70145

Scope cr 5

Content

The course covers issues related to the measurement of macroeconomic quantities and the use of national accounts and other economic statistics in describing macroeconomic activity.

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6h Essay Seminar

KA6h Essay Seminar

Code 70170

Scope cr 5

Objectives

KA6h Essay Seminar

Reading and writing economic texts under the guidance of a teacher. Further information will be given at the beginning of the Autumn and Spring terms.

Prerequisites

t is recommended that the student has completed study unit KA4 (microeconomic theory) and KA5 (macroeconomic theory) before taking this study unit.

Minor subject students: Study unit KA1.

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6i Methods in Economics

KA6i Methods in Economics

Code 70183

Scope cr 5

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit.

Minor subject students: Study unit KA1.

Mode of assessment

KA6i Methods in Economics Intermediate or advanced courses in econometrics, statistics or mathematics by agreement with the professor of econometrics.

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6j Time Series Analysis

KA6j Time Series Analysis

Code 70174

Scope cr 5

Objectives

KA6j Time Series AnalysisMacroeconomic variables are typically time series. Core methods of analysis of time series are introduced.

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. For study units KA6j and KA6k study unit KA7 (Introduction to Econometrics) is also required. It is also recommended that the student has completed study unit KA8 (Mathematical Methods in Economics) before taking study unit KA6j.

Literature

  • Enders W: Applied Econometric Time Series (chapters 1-2).
katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6k Methodology of Econometrics

KA6k Methodology of Econometrics

Code 70426

Scope cr 5

Content

KA6k Methodology of EconometricsUnderlying fundamental questions and problems of econometric research and econometric modellability of different phenomena are inspected. (Knowledge of the main techniques of econometrics, at least, is assumed.)

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit. For study units KA6j and KA6k study unit KA7 (Introduction to Econometrics) is also required.

Literature

  • Griffiths W E & Hill C R & Judge G G: Learning and Practising Econometrics (Part X, chapter 26, pp. 827 - 842) "Economic Data Sources, Guidelines for Choosing a Research Project, and the Writing of a Research Report".;
  • Hendry D: Econometrics – Alchemy or Science? (Economica 1980:47, pp. 387-406);
  • Leamer E E: Let's Take the Con out of Econometrics (The American Economic Review 1983: 73/1, pp. 31-43.);
  • Pagan A: Three Econometric Methodologies: A Critical Appraisal (Journal of Economic Surveys 1987: Vol.1, No. 1, pp. 3-24.);
  • Hendry D F: Dynamic Econometrics (Part 1.8: Four levels of knowledge);
  • Hoover K D & Perez S J: Data Mining Reconsidered: Encompassing and the General-to-Specific Approach to Specification Search (Econometrics Journal 1999:2, pp. 167-191);
  • Hansen B E: Methodology: Alchemy or Science. Review Article (Economic Journal 1996:106, pp. 1398-1413.);
  • Summers L: The Scientific Illusion in Empirical Macroeconomics (Scandinavian Journal of Economics 1991:93, pp. 129-148);
  • Vartia Y O: Ovatko tilastolliset tutkimustulokset vain monimutkaisesti perusteltuja mielipiteitä? (Kansantaloudellinen aikakauskirja 1988:3, pp. 305-309)(Also available in English).

(These articles are available for copying at the Department office for a student´s own use).

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6l Economic terms and applications

Economic terms and applications

Code 70052

Scope cr 5

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6m Other Topics (by Agreement)

KA6m Other Topics (by Agreement)

Code 70165

Scope cr 5

Content

Other topics by agreement.

Prerequisites

It is recommended that the student has completed study unit KA4 (microeconomic theory) before taking this study unit.

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6m Development Economics

Development Economics

Code 70185

Scope cr 5

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6m Economics and Politics of European Integration

Economics and Politics of European Integration

Code 70180

Scope cr 5

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6m Ethics and Economics

Ethics and Economics

Code 70184

Scope cr 5

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6m History of Economic Theory

History of economic thought

Code 70425

Scope cr 5

Content

The course gives an introduction to the history of economics. The course also explored the connection between changes in economics, and in social, economic and technological development. The course consists of lectures and student presentations, to be done as group work.

Courses

katal »
Bachelor’s Degree »
KA6 Special Topics »
KA6m Pension Economics

Pension Economics

Code 70148

Scope cr 5

Content

The course includes economic theory, applications and statistics related to pensions and life-cycle from the point of view of welfare and economy of households (individuals) as well as from the point of view of economy of pension systems and national economy. In addition to different types of pension systems, the course offers knowledge on other ways of consumption smoothing along the life-cycle.

Courses

katal »
Bachelor’s Degree »
KA7 Introduction to Econometrics

KA7 Introduction to Econometrics

Code 70141

Scope cr 12

Objectives

The aim is to introduce basic concepts and tools needed in estimating and evaluating regression models. The main emphasis is on basic assumptions and various economic applications of the linear regression model.

Prerequisites

Statistics: Obligatory studies in Statistics(at least 25 credits).

Mathematics: Mathematical analysis or Analysis I and Analysis II or Follow-up Course in Mathematical Analysis.

Minor subject students: study unit KA1 is also required.

Mode of assessment

A lecture course (38 hours) in Finnish, practical exercises and examinations

Literature

  • Stock, J. H. & Watson, M. W.: Introduction to Econometrics (2nd ed.), parts 1 and 2 (chapters 1-9).

Courses

katal »
Bachelor’s Degree »
KA8 Mathematical Methods in Economics

KA8. Mathematical Methods in Economics

Code 70175

Scope cr 9

Objectives

The unit focuses first on optimization and comparative statics. Later on, it concentrates on difference and differential equations, dynamic systems and the economic applications of these. The purpose is that after the unit the student is able to solve and analyze economic models in static and dynamic environment.

Prerequisites

At least study units KA4 and KA5 and minor subject studies as Course in Mathematical Analysis and Introduction to Statistics.

Mode of assessment

A lecture course (36 hours) in Finnish, practical exercises and examinations.

Literature

  • Chiang A C & Wainwright K : Fundamental Methods of Mathematical Economics. 4th ed., chapters 12-20 (pages 347-654).

Instead of the above mentioned book, chapters 14-19 (pages 444-630), it is also possible to read the finnish hand-out:

  • Palokangas T : Luentoja kansantaloustieteen dynaamisista matemaattisista menetelmistä. Opetusmonisteita. Helsingin yliopiston kansantaloustieteen laitos. No. 2:1999.

The hand-out is available on the www-site: http://www.valt.helsinki.fi/blogs/palokangas/teach.htm

Courses

katal »
Bachelor’s Degree »
KA10 Intermediate Seminar

KA10. Intermediate Seminar

Code 70210

Scope cr 4+2

Objectives

The intermediate seminar will prepare students in scientific discussion and writing. Attendance at the seminar is compulsory.

HOPS - Personal Study Plan

In our degree system, the personal study plan will play a central role in study guidance and the follow-up study progress. A student draws up a personal study plan, evaluates and reflects upon his/her own progress.

Prerequisites

At least study unit KA4 or KA5. (Study unit KA7 is also recommended)

Mode of assessment

In the seminar the student writes an essay about a topic agreed upon with the lecturer and presents it to the seminar group.

N.B. Registration for the Intermediate Seminar must be done as follows: for Fall term on 2nd of September 2008 at 9-10 Economicum, seminar room 2; for Spring term on 12th January 2009 at 9-10 Economicum, seminar room 2.

Courses

katal »
Bachelor’s Degree »
KA12 Bachelor's Thesis and Maturity Test

KA12. Bachelor's Thesis and Maturity Test

Code 70400

Scope cr 6

Objectives

The aim is to familiarise the student with writing scientific texts and with research methods in economics.

Mode of assessment

The aim is to start writing the Bachelor´s thesis and completing it as far as possible during the intermediate seminar (see study unit KA10). The length of the thesis is approximately 15 - 25 pages.

N.B. Submitting the Bachelor´s thesis

The paper to be submitted as the thesis will first be read by the official language examiner of the Faculty to assess the sufficiency of the student´s command of correctly written scientific language. The paper is to be handed to the International Affairs´ Officer of the Faculty, who will forward it to the person in charge of the language check-up. Please, see instructions http://www.valt.helsinki.fi/faculty/Studies/theses/index.htm

When your Bachelor´s thesis is ready to be submitted, you have to enrol in order to submit it using WebOodi. The thesis must be submitted in duplicate to the department´s office (Arkadiankatu 7) after the language verification and after finishing the intermediate seminar, by the end of the next period of instruction at the latest.

Courses

katal »
Master´s Degree, General Economics

Master´s Degree, General Economics

Code 70090

Scope cr 120

Content

The economics programme has two fields of specialization: general economics and econometrics. Studies in Economics for the Master´s Degree include the following study units: advanced microeconomic theory, advanced macroeconomic theory, advanced econometrics, elective studies and the Master´s Thesis.

Practical training (code 70430, 5 credits) can be included in the elective studies. Administrator of the department co-ordinates practical training and gives also further information.

N.B. Advanced Econometrics course (S3) will be made compulsory after two years´ transition period 1.8.2010. If students have begun their studies before 1.8.2008, the course will be compulsory after the transition period. If students don’t take this course (S3) in this case, they should take optional studies at least 30 credits.

Subunits

katal »
Master´s Degree, General Economics »
S1 Advanced Macroeconomic Theory
katal »
Master´s Degree, Econometrics »
S1 Advanced Macroeconomic Theory

S1 Advanced Macroeconomic Theory

Code 70408

Scope cr 15

N.B. If students have already completed the Advanced Macroeconomic Theory and have included it in their basic and subject studies in economics (in accordance with the old structure of the bachelor´s degree), they do not have to complete this course twice but they should take some other optional advanced courses in economics at least 15 credits.

Objectives

The aim is to deepen and broaden the knowledge of macroeconomic theory and analysis. The study unit gives also an insight into application of research methods in macroeconomics.

Prerequisites

Study units KA2, KA4, KA5, KA7 and KA8 and mathematics (25 credits) and statistics (25 credits). Prerequisite for students of econometrics: as above, but it is recommended tha the student has passes studies in statistics (50 credits) before taking this study unit.

Mode of assessment

A lecture course (42 hours) in English, practical exercises and examinations.

The course will be lectured jointly for students of the University of Helsinki and for students of Helsinki School of Economics.

This course is only meant for major subject students of the department of Economics.

Literature

  • Sorensen P.B. & Whitta-Jacobsen H.J.: Introducing Advanced Macroeconomics (ISBN 0-07-710425-0)

Courses

katal »
Master´s Degree, General Economics »
S2 Advanced Microeconomic Theory
katal »
Master´s Degree, Econometrics »
S2 Advanced Microeconomic Theory

S2. Advanced Microeconomic Theory

Code 70481

Scope cr 15

N.B. If students have already completed the Advanced Microeconomic Theory and have included it in their basic and subject studies in economics (in accordance with the old structure of the bachelor´s degree), they do not have to complete this course twice but they should take some other optional advanced courses in economics for at least 15 credits.

Objectives

The course starts with the theory of production, theory of a firm and consumer theory in terms of optimising behaviour. Subsequently, conditions for the existence of competitive equilibrium are derived and the criteria for Pareto-efficient allocation of resources are presented. As further topics, the theories of uncertainty and strategic behaviour are introduced.

Prerequisites

Study units KA2, KA4, KA5 and KA7 and mathematics 25 credits and statistics 25 credits. Students of econometrics: as above but it is recommended that the student has passed studies of statistics (50 credits) before taking this study unit

Mode of assessment

A lecture course in English (42 h), practical exercises and examinations.

The course will be lectured jointly for students of the University of Helsinki and for students of Helsinki School of Economics.

Literature

  • Jehle G A & Reny P J: Advanced Microeconomic Theory (2nd ed.)

Courses

katal »
Master´s Degree, General Economics »
S3 Advanced Econometrics
katal »
Master´s Degree, Econometrics »
S3 Advanced Econometrics

S3 Advanced Econometrics

Code 70410

Scope cr 10

Content

The course builds upon the introductory course in econometrics. The goal is to deepen the knowledge of the linear regression model and to get acquainted with the instrumental variables regression, models with a binary dependent variable and the basics of time series analysis.

Literature

  • Stock, J. H. & Watson, M. W.: Introduction to Econometrics (2nd ed.), parts 3, 4 and 5 (chapters 10-18).

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses

Y1. Optional Courses

Scope cr 20

Content

Elective studies in economics 20 credits altogether. Courses to be lectured in Finnish or in English are changing annually.

Prerequisites

Study units S1 and S2.

Subunits

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
E2 Statistical Foundations of Econometric Modelling
katal »
Master´s Degree, Econometrics »
E2 Statistical Foundations of Econometric Modelling

E2. Statistical Foundations of Econometric Modelling

Code 70511

Scope cr 10

Objectives

Statistical motivation for econometric methods are presented in this study unit. The focus is on the most essential results of mathematical statistics and their relation to econometric research. The main themes are probability calculus including stochastic processes, statistical inference and especially econometric modelling. During the course the classical linear regression model is generalised to allow for stochastic regressors, variable parameters and dynamic models.

The course is intensive and proceeds quickly. Attending students are supposed to have a good knowledge of intermediate studies in statistics. The aim is to give an insight into the opportunities, problems and assumptions in econometric research.

Prerequisites

Intermediate studies in statistics and study units S1 and S2.

Mode of assessment

A lecture course (48 hours) in Finnish, an active participation in the theory and computer exercises and examinations.

Literature

  • Spanos A: Statistical Foundations of Econometric Modelling.;
  • Vartia Y: Korjausliite Spanosin teokseen (available from the office of the Department of Economics).

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Analysis and Synthesis
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Analysis and Synthesis

Analysis and Synthesis

Code 70116

Scope cr 10

Literature

The literature is available from Professor Yrjö Vartia.

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
International Monetary System
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
International Monetary System

International Monetary System

Code 70725

Scope cr 5

Content

International Monetary System

The course "International Finance" will be lectured by Ph.D. Anne Mikkola organized by Helsinki School of Economics. Timing: Spring 2009, second period.

See www-page: https://cie.hkkk.fi/31E00600/

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Advanced Public Economics
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Advanced Public Economics

Advanced Public Economics

Code 70611

Scope cr 10

Content

This course analyzes how the public sector affects the economy through taxes, income redistribution, and the provision of public goods. The course also presents both positive normative analysis regarding the aims of the government, with a focus on income redistribution. Positive analysis uses the methods of political economics, while the normative part discusses different views on what is a good society.

Literature

  • Hindriks J & Myles G D: Intermediate Public Economics, 2006, chapters 1-15.

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
The Political Economy of Intergenerational Transfers
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
The Political Economy of Intergenerational Transfers

The Political Economy of Intergenerational Transfers

Code 70196

Scope cr 5

Content

The political support for pensions and education will be analyzed from different viewpoints. How do the ageing of the population and the mobility of the labour force affect the political process?

The literature is available from Professor Panu Poutvaara.

Literature

The literature is available from Professor Panu Poutvaara.

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Globalization and growth
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Globalization and growth

Globalization and growth

Code 70195

Scope cr 5

Content

Solving growth models.

Literature

Please, consult professor Tapio Palokangas.

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Monetary Policy
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Monetary Policy

Monetary Policy

Code 70198

Scope cr 5

Literature

The literature is available from Docent Jouko Vilmunen.

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Labour Market Theory
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Labour Market Theory

Labour Market Theory

Code 70199

Scope cr 5

Literature

The literature is available from Professor Vesa Kanniainen.

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Entrepreneurship Theory
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Entrepreneurship Theory

Entrepreneurship Theory

Code 70197

Scope cr 5

Content

The course on entrepreneurship introduces the theory of occupational choice and market entry as an entrepreneur. The effects of risks, finance, labor market institutions, regulation and taxation will be analyzed. Empirical evidence will be presented. The competition for innovations and for the market shares will be discussed.

Literature

The literature is available from Professor Vesa Kanniainen.

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Game Theory
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Game Theory

Game Theory

Code 70445

Scope cr 5

Content

In the course we study strategic decision making. The aim is to present the central concepts and applications used in economics. These include a set of typical games, normal form games, extensive form games, Bayesian games, repeated games and the most popular solution concepts. Applications have an important role, and they are used as a vehicle to motivate the theory.

Literature

  • Osborne Martin J : An Introduction to Game Theory. (N.B. Excluding chapters 8, 11, 12, 13, 15 and 16). Oxford University Press, 2004, ISBN 0-19-512895-8.

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Decision Theory
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Decision Theory

Decision Theory

Code 70468

Scope cr 5

Content

In the course we study the decision problem of an economic agent. The aim of the course is to present the central concepts and models used in economics. These include preference relation, its relation to the concept of utility, and the relation of these to decision making. The applications focus on consumer theory. We also study the expected utility theorem and the concept of risk. Applications deal with mostly with insurance. Time allowing we study the theory of social choice and case based decision theory.

Literature

  • Rubinstein A: Lecture Notes in Microeconomic Theory, 2006, Princeton University Press.

Available in read-form in Rubinstein’s home page http://arielrubinstein.tau.ac.il/

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Fiscal Federalism
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Fiscal Federalism

Fiscal Federalism

Code 70469

Scope cr 5

Content

This course analyzes efficiency and distributional consequences that increasing mobility of labor and capital has on taxation and public provision of education. The course analyzes both a common labor market in which taxation, social policies and education are left to lower-level governments, and a federal system in which both lower-level and higher-level governments play an active role. A special emphasis is on the European perspective, including the division of labor between the member states and the central level in the European Union.

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Empirical macroeconomics
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Empirical macroeconomics

Empirical Macroeconomics

Code 70428

Scope cr 5

Content

The goal of the course is to provide an introduction to business cycle analysis and the methods of modern empirical macroeconomics. The topics include the measurement of the business cycle, dating and predicting business cycle turning points and structural change in business cycles characteristics. Econometric models suitable for capturing the behaviour of macroeconomic time series are introduced. Issues relating to the construction of macroeconomic data are also covered. In particular, many macroeconomic variables are subject to revisions that must be taken into account in empirical work, and the properties of revisions as well as methods to deal with them are discussed. The prerequisite is sufficient knowledge of time series analysis (at least S3. Advanced Econometrics or equivalent).

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Macroeconometrics
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Macroeconometrics

Macroeconometrics

Code 70458

Scope cr 5

Content

The goal of the course is to provide an introduction to the methods of modern applied macroeconometrics. The different approaches currently used in applied work are reviewed, including the basics of the empirical dynamic stochastic general equilibrium models, but the main emphasis is on the analysis of vector autoregressive models. In particular, the identification of economic shocks by various methods and the use of the vector autoregressive framework in policy analysis are discussed. The prerequisite is sufficient knowledge of multivariate time series analysis (at least S3. Advanced Econometrics or equivalent).

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
History of Economic Theory
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
History of Economic Theory

History of Economic Thought

Code 70480

Scope cr 5

Content

The course gives an introduction to the history of economics. The course also explored the connection between changes in economics, and in social, economic and technological development. The course consists of lectures and student presentations, to be done as group work.

The course is lectured in Finnish.

Literature

  • Smith A: Wealth of Nations.

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Economic Measurement
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Economic Measurement

Y1/E1 Economic Measurement

Code 70490

Scope cr 5

Content

Seminar on Economic Measurement

The seminar focuses on theoretical and practical aspects of economic measurement. Specific topics will be determined according to the participants' interests. However, suitable themes include index number theory, construction of economic time series, aggregation, measurement of output, productivity and capital, to name a few.

At each meeting a relevant scientific article is presented by either the teacher or a participant. The participants are required to familiarize themselves with the articles in advance. The exact requirements for getting the credits will be determined during the first meeting.

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Political Economy
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Political Economy

Y1/E1 Political Economy

Code 70446

Scope cr 5

Content

The aim of the course is to give an overview of the research agenda of modern political economy. We study basic concepts and methods of political economy and use them to analyze questions like: What determines the size of the government? How do institutions shape policy choices and election outcomes? What are political business cycles?

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Numerical models of household labour supply and savings behaviour
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Numerical models of household labour supply and savings behaviour

Numerical models of household labour supply and savings behaviour

Code 70456

Scope cr 5

Courses

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Other topics (by agreement)
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Other topics (by agreement)

Other topics (by agreement)

Code 70470

Scope cr 5 - 10

Content

Here the student may take other advanced level courses by agreement, or related courses from the other departments or universities as Helsinki School of Economics or Swedish School of Economics. See also department´s www-page "Opetus muualla" http://www.valt.helsinki.fi/katal/opiskelu/muu.htm

Mode of assessment

Other topics (by agreement).

katal »
Master´s Degree, General Economics »
Y1 Optional Courses »
Practical Training
katal »
Master´s Degree, Econometrics »
E1 Optional courses »
Practical Training

Practical Training (Optional)

Code 70430

Scope cr 5

Objectives

The aim is to make the student more familiar with the work of an economist.

Content

Students majoring in economics can include optional practical training in their advanced studies. Please, see http://www.valt.helsinki.fi/faculty/Studies/internship/index.htm The Department of Economics provides information on training placements at public offices, research institutes etc. Information on vacant training placements will be available at the Faculty´s www-page: http://www.valt.helsinki.fi/blogs/rekry-ilmo/ N.B. Applications for Practical Training in 2009: Application for traineeships starts on 14 November 2008 and ends on 15 December 2008 at 3.45 p.m., please, see www-page: http://www.valt.helsinki.fi/katal/english/training.htm or the Finnish pages Työharjoittelu http://www.valt.helsinki.fi/katal/opiskelu/harjoittelu.htm

N.B. Each department has annually a limited number of grants sponsored by the university. If a student has found a training placement on his own, it can also be included in the advanced studies. In that case, the professor in charge of the student’s chosen field of specialization has to be asked to approve the practical training placement in advance.

Prerequisites

Studies in economics for the Bachelor´s Degree.

Mode of assessment

At least 2 continuous months of practical training (3 months is recommended) at an institution. When the training has been finished the student must write a report about the training according to instructions given by the Department of Economics. Administrator of the department of economics co-ordinates practical training and gives also further information.

katal »
Master´s Degree, General Economics »
Y3 Advanced Seminar

Y3. Advanced Seminar

Code 70420

Scope cr 20

Objectives

The aim is to familiarise the student with independent research work, writing scientific texts and presenting papers.

The student is advised to contact the professor who is leading the seminar before the start of the seminar to specify the subject of the Master’s thesis and to make the seminar work more efficient. The list of themes and professors in charge of the seminars will be available on the notice board at the Department of Economics in the beginning of both semesters.

N.B. Registration for the Advanced Seminar must be done as follows: for Fall term on 2nd of September 2008 at 9-10 Economicum, seminar room 2; for Spring term on 12th January 2009 at 9-10 Economicum, seminar room 2.

You can also submit your registration form (obtainable in the department´s office) prior to the above mentioned dates.

Prerequisites

Studies in Economics for the Bachelor´s degree, study units S1, S2 and S3 + language studies.

Mode of assessment

The advanced seminar runs for two semesters. The seminar work includes writing a subject outline, specifying of question setting and working out a research plan for the Master’s thesis. The aim is to start writing the Master’s thesis and completing it as far as possible during the seminars. The student produces one or two short presentations on the subject and two papers in the seminar. These two papers should be closely connected or preliminary parts of the thesis helping the student to finish the Master’s thesis. The advanced seminar can be started either in the Autumn or the Spring semester.

HOPS - Personal Study Plan

In the new degree system, the personal study plan will play a central role in study guidance and the follow-up study progress. A student draws up a personal study plan and reflects upon his/her own qualifications to work as an economist.

Courses

katal »
Master´s Degree, General Economics »
Y6/E6 Master’s Thesis
katal »
Master´s Degree, Econometrics »
Y6/E6 Master’s Thesis

Master´s Thesis

Code 704220

Scope cr 40

Objectives

The aim is to familiarise the student with independent research work and methods in economics. Further focus is on the use of references and writing scientific texts. New scientific results are not necessarily required from a good Master’s thesis. When choosing the subject for the Master’s thesis pay attention to how viable the subject is and the amount of work it demands. The workload of the Master’s thesis should reflect the 40 credits which are awarded.

Mode of assessment

The student receives guidance from the professor in question when writing the Master’s thesis.

Starting from the first of September 2005, students do not need to write a separate maturity test in order to graduate.

N.B. Submitting the Master´s thesis

When your Master´s thesis is ready to be submitted, you have to enrol in order to submit it using Weboodi. You can not submit your Thesis, unless you have taken care of the practice essay and the score is correctly added in the registry.

Master´s Thesis should be submitted in two copies to the Study Office of the Faculty of Social Sciences. Please check the deadlines! Please, see instructions http://www.valt.helsinki.fi/faculty/Studies/theses/index.htm

Evaluation

The thesis is graded as fail, approbatur, lubenter approbatur, non sine laude approbatur, cum laude approbatur, magna cum laude approbatur, eximia cum laude approbatur, laudatur.

katal »
Master´s Degree, Econometrics

Master´s Degree, Econometrics

Code 70091

Scope cr 120

Content

The economics programme has two fields of specialization: general economics and econometrics. Studies in Economics for the Master´s Degree include the following study units: advanced microeconomic theory, advanced macroeconomic theory,advanced econometrics, elective studies and the Master´s Thesis. N.B. Statistical Foundations of Econometric Modelling (10 credits) is a compulsory study unit for students specialising in econometrics. Students are supposed to have a good knowledge of intermediate studies in statistics.

Practical training (code 70430, 5 credits) can be included in the elective studies. Administrator of the department co-ordinates practical training and gives also further information.

N.B. Advanced Econometrics course (S3) will be made compulsory after two years´ transition period 1.8.2010. If students have begun their studies before 1.8.2008, the course will be compulsory after the transition period. If students don’t take this course (S3) in this case, they should take optional studies at least 20 credits.

Subunits

katal »
Master´s Degree, Econometrics »
E1 Optional courses

E1. Optional courses

Scope cr 10

Subunits

katal »
Master´s Degree, Econometrics »
E3 Advanced Seminar

E3. Advanced Seminar

Code 70420

Scope cr 20

Objectives

The aim is to familiarise the student with independent research work, writing scientific texts and presenting papers.

Prerequisites

Studies in Economics for the Bachelor´s degree, study units S1 and S2 + language studies.

Mode of assessment

The advanced seminar runs for two semesters. The seminar work includes writing a subject outline, specifying of question setting and working out a research plan for the Master’s thesis. The aim is to start writing the Master’s thesis and completing it as far as possible during the seminars. The student produces one or two short presentations on the subject and two papers in the seminar. These two papers should be closely connected or preliminary parts of the thesis helping the student to finish the Master’s thesis. The advanced seminar can be started either in the Autumn or the Spring semester.

HOPS - Personal Study Plan

In the new degree system, the personal study plan will play a central role in study guidance and the follow-up study progress. A student draws up a personal study plan and reflects upon his/her own qualifications to work as an economist.

Courses

katal »
Economics as a Minor Subject

Economics as a Minor Subject

Code 70010, 70030

Scope cr esitetty ei-kumulatiivisena

Economics is also a useful Minor subject for students of other degree programmes. A student can choose from the following blocks (please, begin with your minor subject completing first the basic studies in economics):

  • Basic studies in Economics: 25 credits
  • Intermediate studies in Economics: 35 credits

Basic Studies in Economics includes study units KA1 (5 credits), KA2 (5 credits), and 15 credits of special topics which can be chosen freely from among the topics of study unit KA6.

Intermediate Studies in Economics includes study units KA4 (12 credits), KA5 (12 credits), and furthermore 11 credits of special topics which can be chosen freely from among the topics of study unit KA6 (please, consult lecturer Juha Vehviläinen).

Subunits

katal »
Postgraduate Studies in Economics

Postgraduate Studies in Economics

Objectives

Two degrees are offered at the postgraduate level. The Licentiate degree is the lower, optional post-graduate degree. A Doctoral degree is the final, highest postgraduate degree. The candidate is required to write a dissertation and defend it in a public examination. A student can aim at a Doctor´s degree without first getting a Licentiate.

Prerequisites

Requirements for admission

The requirements for postgraduate applicants in economics are:

1) The Master´s degree in economics or an equivalent degree. N.B. It is required that the applicant´s master´s degree obtained may not be completed earlier than 5 years ago.* 2) At least the grade “good” in the advanced studies in economics. 3) The preliminary research plan. 4) Information on the thesis´s supervisor. 5) Documents to be submitted: see the faculty´s home page: http://www.valt.helsinki.fi/faculty/adm/postgrad.htm

Postgraduate applications are handed by the Administrative Officer of the Faculty of Social Sciences, Ms Terhi Kulonpalo, and all enquiries etc. ought to be directed to her. There are two application deadlines per annum the 15th of May and 15th of November. The selection of postgraduate students is completed from four to six weeks after the closing dates.

*Please note that if the applicant´s master´s degree is completed earlier than 5 years ago, the student seeking admission in postgraduate studies must take part in a separate examination before he/she is able to submit his/her application. At least the grade “good” must be achieved in the exam. The literature is as follows:

  • Jehle G A & Reny P J: Advanced Microeconomic Theory;

and

  • Sorensen P B & Whitta-Jacobsen H J: Introducing Advanced Macroeconomics.

Mode of assessment

Registration

For each academic year, postgraduate students must be enrolled at the University of Helsinki. Registration for the upcoming academic year starts at the beginning of May and runs until end of August. Students should register also at the Department´s office at Arkadiankatu 7 at the beginning of Fall term (forms are available at the office).

Teaching

Postgraduate studies in economics are closely related to studies in the Finnish Doctoral Programme in Economics (FDPE). FDPE promotes high-quality doctoral education in economics in Finland by organizing systematic and diverse doctoral courses and seminars. FDPE is designed to provide doctoral students, irrespective of their base institution, with a thorough training in the skills required of the contemporary academic and professional economists. FDPE also acts as a channel for cooperation in research and thesis supervision.

FDPE is not a degree granting programme in itself but a joint programme of all 11 Departments of Economics in Finland. Thus, to be able to register with FDPE the student first needs admission at doctoral level to one of the participating universities. Having been accepted by the university the student should register with FDPE at the beginning of the academic year.

FDPE also has 15 fellowships available for promising and successful doctoral students in the Finnish universities. The fellowships are financed by the Ministry of Education. More information is available at http://www.hecer.fi/

New HECER PhD Programme in Economics

The four year HECER PhD Programme is structured according to best practice in economics. The training consists of a first year of core courses (micro- and macroeconomics, econometrics). The course work provides the foundation for the students’ own research. The second and third years consist of original research and courses in fields of interest in economics (econometrics, industrial organization, international economics, labour economics, microeconomic theory, macroeconomics and public economics). The fourth year consists of original research. The HECER PhD Programme builds on the Finnish Doctoral Programme in Economics (FDPE). More information is available on http://www.hecer.fi/PhD/PhD_programme.htm Application deadline: April 30, 2009.

Prerequisite in Mathematics and Statistics

At least following studies in mathematics and statistics are required:

  • Basic Studies in Mathematics (25 credit units)
  • Basic Studies in Statistics (25 credit units).

Subunits

katal »
Postgraduate Studies in Economics »
Postgraduate Examination in Economics

Postgraduate Examination in Economics

Code 70800

Scope cr 35

Content

Postgraduate studies, 35 credits, in Economics:

  • Postgraduate courses (25 credits)
  • Active participation in the postgraduate seminar for two semesters (10 credits).

Subunits

katal »
Postgraduate Studies in Economics »
Postgraduate Examination in Economics »
L1 Postgraduate Courses

L1. Postgraduate Courses

Scope cr 25

Subunits

katal »
Postgraduate Studies in Economics »
Postgraduate Examination in Economics »
L1 Postgraduate Courses »
L1.1 Theory of Resource Allocation

L1.1 Theory of Resource Allocation

Code 70802

Scope cr 10

Content

a) Course in Microeconomic Theory in FDPE (Finnish Doctoral Programme in Economics) or

b) the following literature

Literature

  • Mas-Colell A & Whinston M D & Green J R: Microeconomic Theory (chapters 1-10 and 12-20).

Courses

katal »
Postgraduate Studies in Economics »
Postgraduate Examination in Economics »
L1 Postgraduate Courses »
L1.2 Macroeconomic Theory

L1.2 Macroeconomic Theory

Code 70803

Scope cr 10

Content

a) KAVA-ohjelman makrotalousteorian jatkokoulutuskurssi tai

b) Seuraava oheiskirjallisuus:

Literature

  • Blanchard O J & Fischer S: Lectures on Macroeconomics (chapters 1-8);
  • Obstfeld M & Rogoff K: Foundations of International Macroeconomics (chapters 2, 5 and 9).

Courses

katal »
Postgraduate Studies in Economics »
Postgraduate Examination in Economics »
L1 Postgraduate Courses »
L1.3 Econometrics

L1.3 Econometrics

Code 70826

Scope cr 5

Literature

  • Hayashi F: Econometrics, chapters 5, 8 and 9-10 and
  • Pagan A: Three Econometric Methodologies: A Critical Appraisal. Journal of Economic Surveys 1987: Vol. 1, No. 1, 3-24.

Courses

katal »
Postgraduate Studies in Economics »
Postgraduate Examination in Economics »
L2 Postgraduate Seminar

L2. Postgraduate Seminar

Code 70811

Scope cr 10

Content

Active participation in a postgraduate seminar for two semesters (10 credits).

N.B. Postgraduate courses in microeconomic theory and macroeconomic theory must have been completed before registration for the seminar. The student must submit a research proposal (max. 3-4 pages) to the professor who is leading the postgraduate seminar before the start of the seminar.

Courses

katal »
Postgraduate Studies in Economics »
Other topics in Economics

Other topics in Economics (at least 25 credits)

Other topics in economics (25 credits altogether); a student can choose e.g. from the following study units L3, L4, L5 and L6 or by completing FDPE´s special courses (last-mentioned alternative is recommended).

Subunits

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L3 Classics in Economics

L3. Classics in Economics

Code 70851

Scope cr 5

Mode of assessment

L3. Classics in Economics Mode of assessment: Literature: complete one of the following options. Please, consult the examinator for the choice of the book.

Literature

  • Smith A: The Wealth of Nations;
  • Ricardo D: Principles of Political Economy and Taxation;
  • Walras L: Elements of Pure Economics;
  • Marshall A: Principles of Economics;
  • Wicksell K: Föreläsningar i nationalekonomi (engl. Lectures on Political Economy);
  • Keynes J M: The General Theory of Employment, Interest and Money.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L4 Studies in Economic History

L4. Studies in Economic History

Code 70855

Scope cr 3

Literature

Literature according to agreement for example:

  • Mathias P & Davis J A (eds.): The First Industrial Revolutions
  • Grafts N & Tonniolo G: Economic Growth in Europe since 1945 (chapters 1-6, 8-9, 15-16 and 18).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L5 Mathematical Methods and Econometrics

L5. Mathematical Methods and Econometrics

Code 70853

Scope cr 8

Content

This study unit can be completed as follows:

a) Postgraduate Course in Econometrics organized by FDPE or the following literature may be taken only if a student has not been able to participate, with reasonable grounds, in FDPE´s lecture course:

  • Hayashi F: Econometrics, chapters 1-4 and 6-7,

b) Statistical Foundations of Econometric Modelling, see study unit E2,

c) Studies in Time Series Analysis (consult the professor of econometrics),

d) Elective studies in econometrics or statistics (as time series analysis,sampling, multivariate methods etc.). In addition studies from the other departments or universities can be approved.

The professor of econometrics has to be asked to approve these studies.

Literature

  • Hayashi F: Econometrics, chapters. 1-4 and 6-7.

Courses

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics

L6. Special Topics

Content

Special topics according to agreement.

Subunits

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.1 Public Economics

L6.1 Public Economics

Code 70861

Scope cr 3

Literature

  • Myles G O: Public Economics, chapters 3-12.

Courses

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.2 Methodology

L6.2 Methodology

Code 70862

Scope cr 3

Literature

Literature (choose two of the following books):

  • Hausman D M: The Inexact and Separate Science of Economics
  • Marchi N & Blaug M (eds.): Appraising Economic Theories (chapters 1-6, 10-12 and 15-16)
  • Langlois R N (ed.): Economics as a Process: Essays in the New Institutional Economics
  • Henderson W & Dudley-Evans T & Backhouse R (eds.): Economics and Language
  • Wong S: The Foundations of Paul Samuelson's Revealed Preference Theory: A Study by the Method of Rational Reconstruction
  • Caldwell B J (ed.): The Philosophy and Methodology of Economics (Vol. I-III), one part according to agreement (must be agreed upon with the examinator of this study unit).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.3 Natural Resources and Environment

L6.3 Natural Resources and Environment

Code 70872

Scope cr 3

Literature

  • Clark C: Mathematical Bioeconomics (2nd ed.), chapters 1-5 and 8-9 or
  • Conrad J R & Clark C W: Natural Resource Economics.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.4 International Money and Finance

L6.4 International Money and Finance

Scope cr 3

Subunits

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.4 International Money and Finance »
L6.4a Theory of International Trade

L6.4a Theory of International Trade

Code 70873

Scope cr 3

Literature

  • Helpman E & Krugman P R: Trade Policy and Market Structure;
  • Helpman E & Krugman P R: Market Structure and Foreign Trade (chapter 6)
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.4 International Money and Finance »
L6.4b Exchange Rate Dynamics

L6.4b Exchange Rate Dynamics

Code 70874

Scope cr 3

Literature

  • Krugman P R: Currencies and Crises (ecluding appendices);
  • Murshed S M: Macroeconomics for Open Economies
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.5 Economics in Transition

L6.5 Economics in Transition

Code 70875

Scope cr 3

Literature

  • Stiglitz J E: Whither Socialism?;
  • Amsden A & Kochanowicz J & Taylor L: Market Meets Its Match.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.6 Investment, Finance and Capital Markets

L6.6 Investment, Finance and Capital Markets

Scope cr 3

Content

Choose one topic of the following fields:

  • a) Theory of Investment, 3 credits
  • b) Theory of Finance, 3 credits
  • c) Theory of Banking, 3 credits

Subunits

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.6 Investment, Finance and Capital Markets »
L6.6a Theory of Investment

L6.6a Theory of Investment

Code 70876

Scope cr 3

Literature

  • Dixit A K & Pindyck R S: Investment Under Uncertainty.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.6 Investment, Finance and Capital Markets »
L6.6b Theory of Finance

L6.6b Theory of Finance

Code 70877

Scope cr 3

Literature

  • Huang C & Litzenberger R H: Foundations for Financial Economics (chapters 1-9).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.6 Investment, Finance and Capital Markets »
L6.6c Theory of Banking

L6.6c Theory of Banking

Code 70856

Scope cr 3

Literature

  • Freixas X & Rochet J C: Microeconomics of Banking.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.7 Industrial Organization and the Theory of Competition

L6.7 Industrial Organization and the Theory of Competition

Code 70867

Scope cr 3 - 6

Literature

Choose either

alternative a) 3 credits units

  • Tirole J: The Theory of Industrial Organization (Part I)

or

alternative b) 6 credits units

  • Tirole J: The Theory of Industrial Organization.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.8 Labor Economics

L6.8 Labor Economics

Code 70868

Scope cr 3

Literature

Articles of the following compilation book

(Articles): Handbook of Labor Economics (Vol. 3A, 3B and 3C) (must be agreed upon with the examinator) or

  • Pissarides C A: Equilibrium Unemployment Theory (2nd ed.).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.9 Time Series Analysis

L6.9 Time Series Analysis

Scope cr 3 - 6

Content

Choose one topic of the following fields:

  • a) Univariate Time Series Analysis, 6 credits
  • b) Special Topics, 3 credits
  • c) Multivariate Time Series Analysis, 6 credits
  • d) Analysis of Financial Time Series, 6 credits
  • e) Methodology of Macroeconometrics, 6 credits

Subunits

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.9 Time Series Analysis »
L6.9a Univariate Time Series Analysis

L6.9a Univariate Time Series Analysis

Code 70897

Scope cr 6

Literature

  • Hamilton J: Time Series Analysis, chapters 1-5, 7-8 and 15-17.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.9 Time Series Analysis »
L6.9b Special Topics

L6.9b Special Topics

Code 70889

Scope cr 3

Literature

  • Hamilton J: Time Series Analysis (chapters 6, 14 and 21-22)
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.9 Time Series Analysis »
L6.9c Multivariate Time Series Analysis

L6.9c) Multivariate Time Series Analysis

Scope cr 6

Prerequisites

L6.9a

Mode of assessment

See requirements of the Department of Mathematics and Statistics.

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.9 Time Series Analysis »
L6.9d Analysis of Financial Time Series

L6.9d) Analysis of Financial Time Series

Scope cr 6

Mode of assessment

See requirements of the Department of Mathematics and Statistics.

Literature

  • Franses P H & van Dijk D: Non-Linear Time-Series Models in Empirical Finance.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.9 Time Series Analysis »
L6.9e Methodology of Macroeconometrics

L6.9e Methodology of Macroeconometrics

Code 70890

Scope cr 6

Prerequisites

Study units L6.9 a-c are recommended.

Literature

  • Favero C: Applied Macroeconometrics.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.10 Economic Growth and Business Cycle Theory

L6.10 Economic Growth and Business Cycle Theory

Code 70870

Scope cr 3

Literature

  • Barro R J & Sala-i-Martin X: Economic Growth (chapters 1-6 and 10-12);
  • Gabisch G & Lorenz H-W: Business Cycle Theory (2nd ed.), readings must be agreed upon with the examinator.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.11 Orientations in Macroeconomics

L6.11 Orientations in Macroeconomics

Scope cr 3

Content

Choose one topic of the following fields:

  • a) Monetary Theory and Policy, 3 credits
  • b) Learning and Expectations in Macroeconomics, 3 credits
  • c) Labour Market and the Macroeconomy, 3 credits

Subunits

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.11 Orientations in Macroeconomics »
L6.11a Monetary Theory and Policy

L6.11a Monetary Theory and Policy

Code 70883

Scope cr 3

Literature

  • Walsh C: Monetary Theory and Policy.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.11 Orientations in Macroeconomics »
L6.11b Learning and Expectations in Macroeconomics

L6.11b Learning and Expectations in Macroeconomics

Code 70884

Scope cr 3

Literature

  • Evans G & Honkapohja S: Learning and Expectations in Macroeconomics.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.11 Orientations in Macroeconomics »
L6.11c Labour Market and the Macroeconomy

L6.11c Labour Market and the Macroeconomy

Code 70885

Scope cr 3

Literature

  • Palokangas T: Labour Unions, Public Policy and Economic Growth.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.12 Economic Evolution

L6.12 Economic Evolution

Code 70882

Scope cr 3

Literature

  • Arthur W B & Durlauf S N & Lane D A (eds.): The Economy as an Evolving Complex System (vol. II, 1997), the following articles: (1) Arthur, Durlauf & Lane, (2) Arthur, Holland, LeBaron, Palmer & Taylor, (3) Darley & Kaufmann, (4) Durlauf, (5) Ioannides, (6) Krugman, (7) Leijonhufvud, (8) Lindgren, (9) Brock, (10) Blume, (11) Kirman, (12) Tesfatsion.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.13 Finance in Continuous Time

L6.13 Finance in Continuous Time

Code 70881

Scope cr 3

Literature

  • Shimko D C: Finance in Continuous Time: A Primer (chapters 1 and 3);
  • Merton R C: Continuous Time Finance (according to agreement e.g. chapters 3, 5 and 15)
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.14 Economic Geography and Urban Economics

L6.14 Economic Geography and Urban Economics

Code 70886

Scope cr 3

Literature

  • Fujita M & Krugman P & Venables A J: The Spatial Economy: Cities, Regions and International Trade.
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.15 Theories of Ditributive Justice

L6.15 Theories of Ditributive Justice

Code 70887

Scope cr 3

Literature

  • Roemer J E: Theories of Distributive Justice

or

  • Kolm S-C: Modern Theories of Justice (excluding part IV).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.16 Other Topics, by Agreement

L6.16 Other Topics, by Agreement

Code 70888

Scope cr 3

Other Topics, by Agreement.

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.17 History of Economic Thought

L6.17 History of Economic Thought

Code 70821

Scope cr 3

Literature

  • Blaug M: Economic Theory in Retrospect (4th ed.).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.18 Books by Agreement

L6.18 Books by Agreement

Code 70810

Scope cr 3

Mode of assessment

Books by agreement (thesis-related literature). Please, consult the professor in charge of postgraduate studies.

katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.19 Dynamic Optimization

L6.19 Dynamic Optimization

Code 70823

Scope cr 3

Literature

  • Kamien M & Schwarz N: Dynamic Optimization (Part I: chapters 1-3, 9 and 17 and Part II and Appendix A + B).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.20 Game Theory

L6.20 Game Theory

Code 70824

Scope cr 3

Literature

  • Myerson R B: Game Theory, Analysis of Conflict (chapters 1-8).
katal »
Postgraduate Studies in Economics »
Other topics in Economics »
L6 Special Topics »
L6.21 Economics of Uncertainty and Information

L6.21 Economics of Uncertainty and Information

Code 70825

Scope cr 3

Literature

  • Macho-Stadler I & Pérez-Castrillo J D: An Introduction to the Economics of Information.
katal »
Postgraduate Studies in Economics »
Licentiate and Doctoral Thesis

Licentiate and Doctoral Thesis

Objectives

The postgraduate degrees are the Licentiate and Doctoral degrees. It is possible to study for the doctorate without having a separate Licentiate thesis. The student, however, must complete the course and seminar work required for the Licentiate.

See also website http://www.valt.helsinki.fi/faculty/Studies/posteducation/index.htm

Courses

Advanced Public Economics, 10 op

Scope

cr 10

Teachers

Professor Panu Poutvaara 282428

Time, location and registration

Time 02.09.2008 - 19.11.2008
Registration time in webOodi 21.08.2008 - 19.11.2008

Lectures (40 t): 02.09. - 19.11.2008 on Tuesdays and on Wednesdays at 10-12, Place: Economicum, seminar room 1. Exercises will be instructed by research assistant Otto Kässi. Meetings on week 39: Group 1: Monday 10-12 and Group 2: on Wednesday 12-14, Place: Economicum, seminar room 2. Meetings on week 42: Group 1: on Monday 10-12 and Group 2: on Thursday 10-12, Place: Economicum, seminar room 2.

Prerequisites

Advanced Microeconomics (S2).

Compensations

The course corresponds also with the study unit L6.1 of Postgraduate studies in Economics(code 70861, 3 credits).

Content

This course analyzes how the public sector affects the economy through taxes, income redistribution, and the provision of public goods. The course also presents both positive normative analysis regarding the aims of the government, with a focus on income redistribution. Positive analysis uses the methods of political economics, while the normative part discusses different views on what is a good society.

Course work and forms of study

The textbook used is Intermediate Public Economics by Jean Hindriks and Gareth D. Myles. The course covers the first 15 chapters of the book. The course also includes some supplementary handouts on welfare economics.

24.11.2008 Final exam at 8 – 10, ECO, lecture room

17.12.2008 Second exam at 9 – 11, PII (Porthania).

Website http://www.valt.helsinki.fi/blogs/poutvaar/post-13.htm

E2. Ekonometrian tilastolliset perusteet, 10 op

Scope

cr 10

Teachers

Professori Yrjö Vartia 304031

Time, location and registration

Time 09.09.2008 - 11.12.2008
Registration time in webOodi 21.08.2008 - 11.12.2008

Luennot: 09.09. - 11.12.2008 ti ja to 14-16 ECO sh 2.

Laskuharjoitukset ma 16-18 ECO sh 2.

Compensations

Kurssi käy myös jatko-opintojen kohdan L5d suoritukseksi (70853). Silloin se vastaa 8 opintopistettä.

Course work and forms of study

Loppukuulustelu 16.12.2008 klo 9 - 12 PII (Porthania)

Uusintakuulustelu 14.1.2009 klo 14 - 17 PII (Porthania).

Empirical macroeconomics

Scope

cr 5

Teachers

Professor Markku Lanne 297617

Time, location and registration

Time 23.03.2009 - 04.05.2009
Registration time in webOodi 01.01.2009 - 04.05.2009

Lectures (24 h) 23.03. - 04.05.2009 on Mondays and on Wednesdays 10-12, Place: Economicum, seminar room 1.

Content

The goal of the course is to provide an introduction to business cycle analysis and the methods of modern empirical macroeconomics. The topics include the measurement of the business cycle, dating and predicting business cycle turning points and structural change in business cycles characteristics. Econometric models suitable for capturing the behaviour of macroeconomic time series are introduced. Issues relating to the construction of macroeconomic data are also covered. In particular, many macroeconomic variables are subject to revisions that must be taken into account in empirical work, and the properties of revisions as well as methods to deal with them are discussed. The prerequisite is sufficient knowledge of time series analysis (for example, the course in the analysis of stationary time series offered by the Department of Mathematics and Statistics, or equivalent).

Course work and forms of study

7.5.2009 Final exam at 9 – 11, ECO, seminar room 1.

25.5.2009 Second exam at 9 – 11, ECO, seminar room 1.

Website http://www.valt.helsinki.fi/blogs/lanne/post-70.htm

Entrepreneurship, 5 op

Scope

cr 5

Teachers

Professor Vesa Kanniainen 300922

Time, location and registration

Time 15.01.2009 - 09.04.2009
Registration time in webOodi 01.01.2009 - 09.04.2009

Lectures: 15.01. - 09.04.2009 on Thursdays at 16-18, Place: Economicum, seminar room 1. N.B. No lectures on week 14/2009.

Content

The course on entrepreneurship introduces the theory of occupational choice and market entry as an entrepreneur. The effects of risks, finance, labor market institutions, regulation and taxation will be analyzed. Empirical evidence will be presented. The competition for innovations and for the market shares will be discussed.

Course work and forms of study

As an exam, the students will write an essay on the course material.

Fiscal Federalism, 5 cr

Scope

cr 5

Teachers

Professor Panu Poutvaara

Time, location and registration

Time 13.1.2009 - 25.2.2009
Registration time in webOodi 01.01.2009 - 25.02.2009

Lectures on Tuesdays and on Wednesdays 10-12, Place: Economicum, seminar room 1.

Exercises: on Thursdays 29.1., 12.2. and 26.2.2009 at 14-16, Place: Economicum, seminar room 1. Teacher: Gero Dolfus.

Content

This course analyzes efficiency and distributional consequences that increasing mobility of labor and capital has on taxation and public provision of education. The course analyzes both a common labor market in which taxation, social policies and education are left to lower-level governments, and a federal system in which both lower-level and higher-level governments play an active role. A special emphasis is on the European perspective, including the division of labor between the member states and the central level in the European Union.

Course work and forms of study

Final exam 9.3.2009 at 9 - 11, ECO, seminar room 3 - 4

Second exam 9.4.2009 at 8 - 10 ECO, seminar room 3-4.

Website http://www.valt.helsinki.fi/blogs/poutvaar/post10.htm

Game Theory, 5 cr

Scope

cr 5

Teachers

Professor Essi Eerola 8034645

Time, location and registration

Time 04.09.2008 - 16.10.2008
Registration time in webOodi 21.08.2008 - 16.10.2008

Lectures (24 h): 04.09.2008 - 16.10.2008 on Thursdays at 9-12, Place: Thursday 4.9. Economicum, seminar room 1 and on Friday 5.09.2008 at 9-12, Place: Economicum, seminar room 1; on Thursday 11.9.2008 at 9-12, Place: Main Building, Fabianinkatu 33, aud. IV, and on Thursdays 18.9., 25.9., 2.10., 9.10., and 16.10.2008, Place: Unioninkatu 38, room A205.

Content

In the course we study strategic decision making. The aim is to present the central concepts and applications used in economics. These include a set of typical games, normal form games, extensive form games, Bayesian games, repeated games and the most popular solution concepts. Applications have an important role, and they are used as a vehicle to motivate the theory.

Literature: Osborne Martin J : An Introduction to Game Theory (Excluding chapters 8, 11, 12, 13, 15 and 16; Oxford University Press, 2004, ISBN 0-19-512895-8)

Course work and forms of study

Final: 30.10.2008, at 9 - 11, PIII (Porthania)

Second exam: 28.11.2008, at 9 - 11 PR (Main building), lecture room 6.

Website http://www.valt.helsinki.fi/blogs/eerola/post-61.htm

KA1. Kansantaloustieteen perusteet, 5 op

Scope

cr 5

Teachers

Assistentti Juha Tervala ja VTL Mai Allo 1003843

Time, location and registration

Time 08.09.2008 - 8.12.2008
Registration time in webOodi 21.08.2008 - 3.12.2008
  • Mikro-osuuden luennot pitää assistentti Juha Tervala 8.9. - 15.10.2008 ma klo 14-16 P II ja ke klo 14-16 P II. Mikro-osuuden kotisivu: http://www.valt.helsinki.fi/blogs/jtervala/ka1_2008.htm
  • Makro-osuuden luennot pitää VTL Mai Allo 27.10. - 8.12.2008 ma klo 14-16 U40 sali 1 ja ke klo 10-12 U40 sali 1. Huom.! Luento ma 10.11.2008 ja ke 12.11.2008 on peruutettu; ylim. luennot: pe 21.11.2008 klo 12-14 U40 sali 1 ja ma 8.12.2008 klo 14-16 U40 sali 1.

HUOM.! Luento ma 1.12.2008 klo 14-16 poikkeuksellisesti yliopiston päärakennuksen salissa 1.

Makro-osuuden kotisivu: http://blogs.helsinki.fi/allo/ka-1-2008/

Kurssin mikro-osuuden laskuharjoitukset pitää valtiot. yliopp. Joose Sauli.; harjoitukset pidetään viikoilla 39, 40 ja 42: ryhmä I: ma 16-18 PR sali 10, ryhmä II: ti 14-16 PR sali 6, ryhmä III: ke 8-10 ECO sh 3-4.

Kurssin makro-osuuden laskuharjoitukset pitävät VTL Mai Allo ja valtiot. yliopp. Joose Sauli viikoilla 47, 48 ja 49: ryhmä I (Allo): ma 10-12 M11 ls 3, ryhmä II (Sauli): ti 14-16 PR sali 6, ryhmä III (Sauli): ke 8-10 ECO sh 3-4.

Target group/Course level

Sivuaineopiskelijat.

Course work and forms of study

28.10.2008 Kuulustelu, mikro-osuus, klo 9 – 12, PR (Päärakennus), Sali 1

10.12.2008 Kuulustelu, makro-osuus, klo 14 – 17, PI (Porthania)

26.1.2009 Uusintakuulustelu, klo 8 – 11, PII (Porthania)

HUOM.! Opinto-oppaassa olleen virheellisen kellonajan vuoksi 26.1. on järjestetty uusi tenttimahdollisuuus ke 28.1.2009 klo 12 - 15, ECO, LS

Huom.! Uusintakuulustelussa ei voi tenttiä erikseen mikro-osuutta tai makro-osuutta.

Website http://www.valt.helsinki.fi/blogs/jtervala/ka1_2008.htm

KA2. Suomen talouselämän ja maailmantalouden esittely, 5 op

Scope

cr 5

Teachers

Kurssin koordinaattorina toimii lehtori Juha Vehviläinen. 301396

Time, location and registration

Time 09.09.2008 - 15.10.2008
Registration time in webOodi 21.08.2008 - 15.10.2008

Luennot: ti ja ke 16-18 P II.

Kurssin koordinaattori lehtori Juha Vehviläinen.

Kurssiassistenttina toimii tohtorikoulutettava Tanja Saxell. Kurssin kotisivu: http://blogs.helsinki.fi/tpoutiai/

Objectives

Kurssin tavoitteena on monipuolisesti esitellä Suomen kansantalouden ja maailmantalouden kehitystä, nykytilaa, rakennetta ja ongelmia.

Content

Luentoaikataulu, luennoitsijat ja luentoteemat:

1. luento: tiistai 9.9. Juha Vehviläinen; Finanssipolitiikka EMU:ssa

2. luento: keskiviikko 10.9. Pertti Haaparanta; Globalisaatio

3. luento: tiistai 16.9 Matti Pohjola; Hyvinvointi ja talouskasvu

4. luento: keskiviikko 17.9. Klaus Kultti; Naisten ja miesten työt

5. luento: tiistai 23.9. Erkki Pihkala; Maailmankaupan historialliset järjestelyt

6. luento: keskiviikko 24.9. Erkki Koskela; Suomen talouden kehitys periodilla 1985-2005 ja tulevaisuus: Syvä lama, rakennemuutoksia, nousu korkean teknologian taloudeksi ja tulevat haasteet

7. luento: tiistai 30.9 Antti Suvanto; Rahapolitiikka EMU:ssa

8. luento: keskiviikko 1.10. Panu Poutvaara; Julkisen talouden rooli ja sen kehitys

9. luento: tiistai 7.10. Anne Mikkola; Naiset maailmantaloudessa

10. luento: keskiviikko 8.10 Tapio Palokangas; Taloudellisen kasvun syyt?

11. luento: tiistai 14.10. Lauri Uotila; Rahoitusmarkkinoiden kehitys

12. luento: keskiviikko 15.10. Vesa Kanniainen; Yrittäjyys kansantalouden perustana

Course work and forms of study

Kuulustelut ja luettava materiaali: Luentoihin liittyy kuulustelu, jonka hyväksytty suoritus antaa 5 opintopistettä. Kuulusteluissa vaaditaan luentomateriaalit ja luennoitsijoiden ilmoittama materiaali sekä syksyllä ilmestyvä VM:n taloudellinen katsaus.

31.10.2008 Loppukuulustelu, klo 8 – 10, PR (Päärakennus), Sali 1

1.12.2008 Uusintakuulustelu, klo 9 – 11, PR (Päärakennus), Sali 5

Website http://blogs.helsinki.fi/tpoutiai/

WebOodi Registration

KA4. Mikrotalousteorian kurssi, 12 op

Scope

cr 12

Teachers

Yliopistonlehtori Ulla Lehmijoki 295440

Time, location and registration

Time 09.09.2008 - 09.12.2008
Registration time in webOodi 21.08.2008 - 09.12.2008

Luennot: ti ja to 10-12 ECO ls.

Kurssiin liittyy myös harjoituksia, joita pitävät valtiot. yliopp. Juha Tolvanen ja valtiot. yliopp. Lauri Eloranta: ryhmä 1) Juha Tolvanen ti 8-10 ECO sh 1, ryhmä 2) Lauri Eloranta ti 8-10 ECO sh 3-4 , ryhmä 3) Juha Tolvanen to 8-10 ECO sh 1 sekä ryhmä 4) Lauri Eloranta to 12-14 U40 sali 12. Harjoitukset: viikoilla 39 - 50 (viikoilla 43 - 45 ei harjoituksia).

Course work and forms of study

17.10.2008 klo 12 - 15, I välikoe, PII (Porthania)

16.12.2008 klo 9 - 12, II välikoe, PII (Porthania)

15.1.2009 klo 9 - 12, Uusintakuulustelu, PIII (Porthania)

Website http://www.valt.helsinki.fi/staff/ulehmijo/ka4.html

KA5. Makrotalousteorian kurssi, 12 op

Scope

cr 12

Teachers

Lehtori Juha Vehviläinen 301396

Time, location and registration

Time 13.01.2009 - 08.04.2009
Registration time in webOodi 01.01.2009 - 08.04.2009

Luennot: ti ja ke 10-12 ECO, luentosali.

Luentoihin liittyy myös pakollisia laskuharjoituksia viikoilla 5 - 14. Harjoitukset: ryhmä 1: ke 14-16 ECO sh 1, ryhmä 2: to 8-10 ECO sh 1; ryhmä 3: to 16-18 ECO sh 3-4 ja ryhmä 4: pe 10-12 ECO sh 1. Harjoitukset pitää valtiotiet. ylioppilas Joose Sauli.

Course work and forms of study

20.4.2009 Loppukuulustelu, klo 9 – 12, PII (Porthania)

18.5.2009 Uusintakuulustelu, klo 9 - 12, ECO, LS.

Website http://www.valt.helsinki.fi/blogs/juvehvil/post-35.htm

KA6a International Economics, 5 cr

Scope

cr 5

Teachers

MSc. Econ. Matti Sarvimäki 1003525

Time, location and registration

Time 22.09.2008 - 17.10.2008
Registration time in webOodi 21.08.2008 - 17.10.2008

Lectures (24 h) on Mondays 14-16, on Wednesdays 14-16 and on Fridays 10-12; Place: Economicum, Arkadiankatu 7, lecture room.

Course work and forms of study

Final 27.10.2008 at 8 - 10 ECO, lecture room

Second exam 24.11.2008 at 8 - 10 ECO, lecture room.

KA6b Julkinen talous, 5 op

Scope

cr 5

Teachers

Lehtori Juha Vehviläinen

Time, location and registration

Time 28.10.2008 - 03.12.2008
Registration time in webOodi 21.08.2008 - 03.12.2008

Luennot: ti 12-14 ja ke 12-14 ECO ls.

Course work and forms of study

Loppukuulustelu 8.12.2008 klo 9 - 11, ECO, LS

Uusintakuulustelu 15.1.2009 klo 9 - 11, PIII (Porthania).

Website http://www.valt.helsinki.fi/blogs/juvehvil/post16.htm

KA6d Kaupunkitalous I, 5 op

Scope

cr 5

Teachers

Professori Heikki A. Loikkanen

Time, location and registration

Time 28.10.2008 - 12.12.2008

ti 14-16 ja pe 12-14 ECO ls.

Compensations

Kurssi on maantieteen laitoksen opetusta (matemaattis-luonnontieteellinen tiedekunta). Se korvaa kansantaloustieteen vaatimuksista kohdan KA6d.

Content

Kurssi käsittelee taloudellisen kehityksen ja kaupungistumisen yhteyksiä, kaupunkiverkostoja sekä kaupunkialueiden maankäyttöä. Näihin liittyen analysoidaan yritysten ja kotitalouksien sijaintivalintoja, kaupunkialueiden erikoistumista, asuntomarkkinoita sekä liikennettä ja viestintää. Kurssilla käsitellään sekä teoreettista että empiiristä materiaalia olettaen kansantaloustieteen perustiedot tunnetuksi.

KA6f Rahoituksen teoria, 5 op

Scope

cr 5

Teachers

Professori Vesa Kanniainen 300922

Time, location and registration

Time 16.09.2008 - 09.12.2008
Registration time in webOodi 21.08.2008 - 09.12.2008

Luennot (24 t): ti 16-18, ECO luentosali.

Kurssimateriaali löytyy opettajan kotisivulta:

http://www.valt.helsinki.fi/blogs/kanniain/

Content

Kurssilla käydään lävitse portfolioteoria, yritysrahoituksen teoria, rahoitusmarkkinoiden toiminta ja johdannaisten teoria.

Course work and forms of study

9.12.2008 Loppukuulustelu, klo 8 - 10, U40 (Unioninkatu), sali 1

16.1.2009 Uusintakuulustelu, klo 9 – 11, PR (Päärakennus), sali 6.

KA6g Kansantalouden tilinpito ja taloustilastot, 5 op

Scope

cr 5

Teachers

Professori Markku Lanne 297617

Time, location and registration

Time 08.09.2008 - 16.10.2008
Registration time in webOodi 21.08.2008 - 16.10.2008

Luennot: ma 10-12 ja to 12-14 ECO ls.

Huom.! Torstaina 11.9.2008 ei ole luentoa. Tommi Vuorenmaa opastaa tarvittaessa wikin käytössä torstaina 11.9. klo 12 - 14 kansantaloustieteen laitoksen atk-luokassa, Arkadiankatu 7, 3. krs.

Course work and forms of study

Oppimisportfolio

Website http://www.valt.helsinki.fi/blogs/lanne/post-87.htm

KA6m Development Economics, 5 cr

Scope

cr 5

Teachers

Ph.D. Anne Mikkola 240089

Time, location and registration

Time 31.10.2008 - 03.12.2008
Registration time in webOodi 21.08.2008 - 03.12.2008

Lectures (20 h) on Wednesdays 14-16 and on Fridays 10-12, Place: Economicum, Arkadiankatu 7, lecture room.

N.B. Lectures on Friday, 7th November at 10-12, Place: Economicum, seminar room 3-4.

Compensations

The course corresponds with the study unit KA6m (70185, 5 credits).

Content

Objects and contents

This course covers selected issues on development and growth. Why some countries rich and some poor? How can we apply economics to the problems of the developing countries? Potential topics included are: economic growth and inequality, role of population, debt and finance issues, role of institutions and social infrastructure, development of Africa, foreign aid.

Requirements

1. Lectures in English.

2. Exam.

Literature

1. List of readings given in the class.

2. Weil, David (2005): Economic Growth, Addison-Wesley Publishing.

Course work and forms of study

Final exam 17.12.2008 at 9 - 11, PII (Porthania)

Second exam 19.1.2009 at 9 - 11, PR (Main building), lecture room 13.

Website http://www.valt.helsinki.fi/blogs/mikkola/post50.htm

KA6m Economics and Politics of European Integration, 5 cr

Scope

cr 5

Teachers

Docent Mika Widgrén 267602

Time, location and registration

Time 12.1.2009 - 16.2.2009
Registration time in webOodi 01.01.2009 - 16.02.2009.

Lectures (24 h) 12.1.2009 - 16.2.2009 on Mondays 12-16; Place: Economicum, Arkadiankatu 7, lecture room.

Please note that on 12.1. the lecture was cancelled; and an extra lecture will be organized on place: Economicum, Arkadiankatu 7, lecture room on Friday 13.2. 12-16.

Compensations

The course corresponds with the study unit KA6m (70180, 5 credits).

Content

Course Material

Core reading

Others

Course work and forms of study

Final exam 23.2.2009 at 10 - 12, ECO, lecture room

Second exam 20.3.2009 at 10 - 12, ECO, lecture room.

KA6m Eläkkeiden taloustieteen kurssi, 5 op

Scope

cr 5

Teachers

Kurssiassistentti Tallamaria Maunu 1002968

Time, location and registration

Time 09.09.2008 - 16.10.2008
Registration time in webOodi 21.08.2008 - 16.10.2008

Luennot: 9.9. - 16.10.2008 ti ja to klo 14-16 Helsingin yliopiston päärakennus, Fabianinkatu 33, sali 12.

Kurssilla on useita luennoitsijoita.

Kurssiassistenttina toimii assistentti Tallamaria Maunu.

Content

Kurssilla käsitellään eläkkeisiin ja elinkaareen liittyvää talousteoriaa, sovelluksia ja tilastoaineistoa kotitalouden (yksilön) hyvinvoinnin ja talouden sekä eläkejärjestelmien talouden ja kansantalouden näkökulmasta. Kurssilla esitellään erityyppisten eläkejärjestelmien lisäksi myös muuta taloudellista varautumista ja kulutuksen tasaamista elinkaarella. Kurssi on Helsingin yliopiston kansantaloustieteen laitoksen tarjoamaa opetusta.

A1 Miksi tarvitaan eläkkeitä - hyvinvointiteoriaa eläkenäkökulmasta Ti 9.9.2008 KTT ekonomisti Sanna Tenhunen, Eläketurvakeskus

A2 Eläkejärjestelmien ominaisuudet ja niiden talous: riskejä ja kannustimia To 11.9.2008 KTT ekonomisti Sanna Tenhunen, Eläketurvakeskus

A3 Vapaaehtoiset eläkevakuutukset Ti 16.9.2008 PhD tutkimusohjaaja Niku Määttänen, Elinkeinoelämän Tutkimuslaitos ETLA

A4 Väestönmuutokset, kulutuksen tasaaminen yli ajan ja kansantalouden säästäminen To 18.9.2008 Väestön ikärakenteen, kulutuksen ja säästämisen yhteydet VTT ekonomisti Risto Vaittinen, Eläketurvakeskus

A5 Väestön ikärakenne ja talouskasvu Ti 23.9.2008 Väestön ikärakenteen ja tuotannon yhteydet VTT ekonomisti Risto Vaittinen, Eläketurvakeskus

B6 Varautumista joka lähtöön – siirtoja elinkaarella ja sukupolvien välillä To 25.9.2008 VTM kehityspäällikkö Reijo Vanne, Työeläkevakuuttajat TELA

B7 Kansalainen ja vakuutettu - Suomen lakisääteisen eläkejärjestelmän pääpiirteet Ti 30.9.2008 VTM kehityspäällikkö Reijo Vanne, Työeläkevakuuttajat TELA

B8 Eläkelaitoksen toiminta: Eläkevarojen sijoittaminen ja riskinhallinta To 2.10.2008 DI FM riskienhallintajohtaja Kari Vatanen, Työeläkevakuutusyhtiö Varma

B9 Eläkelaitoksen toiminta: Eläkevastuu ja vakavaraisuus Ti 7.10.2008 FM varatoimitusjohtaja Jaakko Tuomikoski, Työeläkevakuutusyhtiö Ilmarinen

B10 Suomen työeläkejärjestelmän maksujen määräytyminen To 9.10.2008 FL vastuunjakopäällikkö Barbara D’Ambrogi-Ola, Eläketurvakeskus

C11 Suomen lakisääteisen eläkejärjestelmän simulointi Ti 14.10.2008 Eläkejärjestelmän mallintaminen sekä etuus- ja maksutasoa koskevia tuloksia VTL kehityspäällikkö Ismo Risku, Eläketurvakeskus

C12 Sukupolvet, eläkejärjestelmä ja talouden mallintaminen sekä epävarmuus To 16.10.2008 VTT tutkimusjohtaja Jukka Lassila, Elinkeinoelämän Tutkimuslaitos ETLA

Course work and forms of study

Opiskelija kirjoittaa luentopäiväkirjan ja esseen, joka arvioidaan asteikolla hyväksytty/hylätty. Tarkemmat ohjeet luentopäiväkirjan ja esseen kirjoittamisesta annetaan aloitusluennolla.

Website http://www.valt.helsinki.fi/blogs/mxpulkki/elakekurssi2008.htm

KA6m Etiikka ja talous, 5 op

Scope

cr 5

Teachers

Professori Vesa Kanniainen 300922

Time, location and registration

Time 20.01.2009 - 28.04.2009
Registration time in webOodi 01.01.2009 - 28.04.2009

Luennot (24 t) ti klo 16-18 ECO ls. Huom.! Ei luentoja vk 14/2009.

Compensations

Hyväksytty suoritus vastaa opintojaksoa KA6m (70184, 5 op).

Content

Etiikka ja talous -kurssi käsittelee kapitalismin ilmiöitä globalisoituvassa maailmassa: yritysten yhteiskuntavastuu, sidosryhmät, irtisanomiset, liikkeenjohdon optiot, maailman köyhyys, lapsityö. Kurssi käsittelee myös moraalitunteita, niiden evolutionaarista taustaa ja niiden törmäystä nykykapitalismin kanssa. Moraali tulkitaan sosiaalisena sopimuksena, jonka ominaisuuksia tutkitaan.

Course work and forms of study

Kuulustelut: esseenä

KA7. Ekonometrian johdantokurssi, 12 op

Scope

cr 12

Teachers

Professori Yrjö Vartia 304031

Time, location and registration

Time 13.01.2009 - 09.04.2009
Registration time in webOodi 01.01.2009 - 09.04.2009

Luennot: ti ja to 14-16 ECO ls. Huom.! tiistaina 10.2.2009 luennot poikkeuksellisesti klo 14-16 ECO sh 3-4 ja torstaina 19.2.2009 klo 10-12 ECO sh 1.

Laskuharjoitukset pidetään 19.1.2009 alkaen ma 10-12 ECO sh 3-4. Huom.! Ma 9.3.2009 harjoitukset poikkeuksellisesti klo 10-12 ECO sh 1. Harjoitukset pitää ass. Saara Hämäläinen. Harjoitusten kotisivu:

http://blogs.helsinki.fi/szhamala/ka7n-harjoitukset/

Course work and forms of study

23.4.2009 Loppukuulustelu (Final exam), klo 12 - 15, ECO, LS

15.5.2009 Uusintakuulustelu (Second exam), klo 8 - 11, ECO, LS.

KA8. Kansantaloustieteen matemaattiset menetelmät, 9 op

Scope

cr 9

Teachers

Professori (mvs) Mikko Mustonen 8120371

Time, location and registration

Time 04.09.2008 - 20.11.2008
Registration time in webOodi 21.08.2008 - 20.11.2008

Luennot: ti ja to 8-10 ECO ls. Harjoitukset pidetään viikoilla 38-41 ja 44-46: ryhmä 1: ma 16-18, yliopistonlehtori Ulla Lehmijoki; paikat: vk 38 ja 41: ECO ls ja vk:t 39, 40, 44, 45 ja 46: ECO sh 3-4 sekä ryhmä 2 tohtorikoulutettava Tuomas Kosonen: to 10-12, paikka: ECO sh 3-4.

Huom.! Kososen ryhmä kokoontuu vk:lla 44 poikkeuksellisesti ti 28.10. klo 10-12 ECO sh 3-4 (harjoituksia ei siis ole to 30.10.).

Content

Luennot: Opintojakson alussa tarkastellaan optimointia ja komparatiivista statiikkaa. Tämän jälkeen keskitytään differentiaali- ja differenssiyhtälöiden ja dynaamisten järjestelmien ratkaisemiseen ja näiden taloudellisiin sovelluksiin. Tavoitteena on, että opintojakson jälkeen opiskelija pystyy ratkaisemaan ja analysoimaan staattisia ja dynaamisia taloudellisia malleja.

Course work and forms of study

15.10.2008 I välikoe, klo 8 - 10, ECO, LS

18.11.2008 II välikoe, klo 8 – 10, ECO, LS

20.1.2009 Uusintakuulustelu, klo 8 – 10, PR (Päärakennus), Sali 6.

Website http://www.valt.helsinki.fi/staff/ulehmijo/ka8/

Kandidaatintutkielman tarkastukseen jättäminen webOodissa

Registration time in webOodi 01.08.2008 - 31.7.2009

Content

Kandidaatintutkielman tarkastukseen jättäminen webOodissa

Valmis tutkielma jätetään pääsääntöisesti kansantaloustieteen laitoksen kansliaan viimeistään seminaarin päättymistä seuraavan opetusperiodin kuluessa. Perustellusta syystä tutkielman voi jättää vastuuopettajan kanssa sovittavan määräajan kuluessa. Samalla kun opiskelija jättää tutkielmansa arvosteltavaksi, hänen on tehtävä ilmoittautuminen WebOodiin. WebOodi ei hyväksy ilmoittautumista, jos äidinkielen lehtori ei ole katsonut opiskelijan kielen hallintaa riittäväksi eikä suoritusta ole rekisteröity.

Kandidaatin tutkielma osana kandidaatin tutkintoa: http://www.helsinki.fi/valtiotieteellinen/opiskelu/opiskelijalle/kandi.htm

N.B. Submitting the Bachelor´s Thesis

When your Bachelor´s thesis is ready to be submitted, you have to enrol in order to submit it using WebOodi. You can not submit your Thesis, unless you have taken care of the practice essay and the score is correctly added in the registry.

WebOodi Registration

L1.1 Resurssien allokaation teoria, 10 op

Scope

cr 10

Kansantaloustieteen valtakunnallinen jatkokoulutusohjelma (KAVA) järjestää mikrotalousteorian kurssin. Kurssi jakautuu I ja II -osaan, joista I-osa (24 t luentoja ja 12 t harjoituksia) luennoidaan syyslukukaudella 2008 ja II-osa (24 t luentoja ja 12 t harjoituksia) luennoidaan kevätlukukaudella 2009. Tästä kurssista sekä muusta KAVAn opetuksesta katso tarkemmin http://www.hecer.fi/

L1.2 Makrotalousteoria, 10 op

Scope

cr 10

Kansantaloustieteen valtakunnallinen jatkokoulutusohjelma (KAVA) järjestää makrotalousteorian kurssin. Kurssi jakautuu I ja II -osaan, joista I-osa (24 t luentoja ja 12 t harjoituksia) luennoidaan syyslukukaudella 2008 ja II-osa (24 t luentoja ja 12 t harjoituksia) luennoidaan kevätlukukaudella 2009. Tästä kurssista sekä muusta KAVAn opetuksesta katso tarkemmin http://www.hecer.fi/

L1.3 Ekonometria

Scope

cr 5

Kansantaloustieteen valtakunnallinen jatkokoulutusohjelma (KAVA) järjestää ekonometrian tilastolliset perusteet kurssin. Kurssi jakautuu I ja II -osaan, joista I-osa (24 t luentoja ja 12 t harjoituksia) luennoidaan syyslukukaudella 2008 ja II-osa (24 t luentoja ja 12 t harjoituksia) luennoidaan kevätlukukaudella 2009. Tästä kurssista sekä muusta KAVAn opetuksesta katso tarkemmin http://www.hecer.fi/

L2. Jatkokoulutusseminaari, 10 op

Scope

cr 10

Teachers

Professori Vesa Kanniainen 300922

Time, location and registration

Time 10.09.2008 - 28.05.2009

Professori Vesa Kanniaisen johtama jatkokoulutusseminaari kokoontuu syyslukukaudella ke 16-18 ECO sh 2 ja kevätlukukaudella ke 16-18 Economicumissa, 4. krs, huone B416. Ensimmäinen kokoontuminen on syyslukukaudella 10.9.2008 ja kevätlukukaudella 14.1.2009.

Huom.! Seminaariin tultaessa on jatko-opintojen resurssien allokaation teoria ja makrotalousteoria oltava suoritettuina. Empiiriseen opinnäytetyöhän tähtäävältä vaaditaan lisäksi riittävät tiedot ekonometriassa. Seminaariin hyväksytyksi tuleminen edellyttää lisäksi, että opiskelija laatii tutkielmasuunnitelman (enintään 3-4 sivua), jonka laitoksen kaksi professoria käsittelee. Suunnitelma on jätettävä prof. Vesa Kanniaiselle syyslukukaudella viimeistään 1.9. tai kevätlukukaudella 7.1. Hyväksytty tutkielmasuunnitelma oikeuttaa osallistumaan seminaariin.

Lehtori Vehviläisen seminaari

Scope

cr 4+2

Teachers

Lehtori Juha Vehviläinen 301396

Time, location and registration

Time 11.09.2008 - 15.05.2009

Syksyn ryhmä: 11.9.2008 to klo 10-12 ECO sh 1 ja to 18.9.2008 klo 10-12 ECO sh 1 sekä to 11.12.2008 klo 10-16 Porthania P722 ja pe 12.12.2008 klo 10-16 ECO sh 1.

Kevään ryhmä: 15.1. ja 22.1.2009 to klo 10-12 ECO sh 2 sekä to 14.5.2009 klo 10-16 ECO sh 1 ja pe 15.5.2009 klo 10-16 ECO sh 2.

Seminaareihin ilmoittaudutaan syksyllä ti 2.9.2008 klo 9-10 ECO sh 2 ja keväällä ma 12.1.2009 klo 9-10 ECO sh 2. Seminaariin voi ilmoittautua myös etukäteen laitoksen kansliassa.

N.B. Registration for the Intermediate Seminar must be done as follows: for Fall term on 2nd of September 2008 at 9-10 Economicum, seminar room 2; for Spring term on 12th January 2009 at 9-10 Economicum, seminar room 2.

You can also submit your registration form (obtainable in the department´s office) prior to the above mentioned dates.

Target group/Course level

Vain pääaineopiskelijoille.

Website http://www.valt.helsinki.fi/blogs/juvehvil/post-33.htm

Numerical Models of Household Labour Supply and Savings Behaviour

Scope

cr 5

Teachers

Niku Määttänen, Ph.D. 1005357

Time, location and registration

Time 13.1.2009 - 21.04.2009
Registration time in webOodi 01.01.2009 - 21.04.2009

Lectures on 13.1. - 21.04.2009 on Tuesdays at 14-16, Place: Unioninkatu 40, room 15.

Content

The aim of the course is to learn to formulate and solve dynamic models of household labour supply and savings behaviour. Examples of problems considered include retirement decisions, precautionary savings, and the choice between owner and rental housing in the presence of a borrowing constraint.

The course includes a brief introduction to dynamic programming and a primer in MATLAB. In the exercises, students are required to modify existing MATLAB programmes and analyze different models numerically.

Course work and forms of study

Final exam 28.4.2009 at 8 - 10, U40 (Unioninkatu), room 2

Second exam 18.5.2009 at 9 - 11, ECO, lecture room.

Oppihistoria

Scope

cr 5

Teachers

Professori Panu Poutvaara 282428

Time, location and registration

Time 14.01.2009 - 15.04.2009
Registration time in webOodi 01.01.2009 - 15.04.2009

Luennot (24 t) 14.1. - 15.4.2009 ke 14-16 ECO sh 3-4.

Compensations

Jakson voi suorittaa syventävien opintojen kurssina lukemalla tenttiin kurssimateriaalin lisäksi Adam Smithin kirjan Wealth of Nations. Vaihtoehtoisesti Smithin kirjan voi korvata esseellä tai opiskelijaesitelmällä. Esseen tai opiskelijaesitelmän aihe on hyväksytettävä etukäteen. Kurssin syventävänä opintona suorittavien on tällöinkin osallistuttava tenttiin, ja he vastaavat tällöin samoihin kysymyksiin kuin kurssin aineopintoina suorittavat. Kurssin hyväksyttävä suoritus syventävien opintojen kurssina edellyttää tällöin 50 % pisteistä tentissä. Essee tai esitelmä voi vaikuttaa tentin perusteella tulevaan arvosanaan enintään yhden pykälän verran korottavasti tai laskevasti.

Huomio: oppihistorian kurssin voi suorittaa syventävissä opinnoissa vain, mikäli kurssia ei ole suoritettu aineopinnoissa.

Content

Oppihistorian kurssi

Kurssi antaa johdatuksen taloustieteellisen ajattelun historiaan, tuoden esille myös taloustieteellisten teorioiden muutoksen yhteyden yleiseen taloudelliseen, tekniseen ja yhteiskunnalliseen kehitykseen. Kurssi koostuu luennoista sekä ryhmätyönä tehtävistä opiskelijaesitelmistä.

Kirjallisuus:

Heilbroner, Robert L.: The Worldly Philosophers. The Lives, Times and Ideas of the Great Economic Thinkers. 7th edition.

Smith, Adam: The Wealth of Nations. Kirjasta luetaan itsenäisesti ainakin luvut 1-4 (Of the Division of Labour, Of the Principle which gives occasion to the Division of Labour, That the Division of Labour is limited by the Extent of the Market, Of the Origin and Use of Money).

Course work and forms of study

22.4.2009 Loppukuulustelu, klo 8 – 10, ECO, LS

15.5.2009 Uusintakuulustelu, klo 8 – 10, ECO, LS.

Website http://www.valt.helsinki.fi/blogs/poutvaar/post-11.htm

Political Economy

Scope

cr 5

N.B. This lecture course is cancelled.

Content

The aim of the course is to give an overview of the research agenda of modern political economy. We study basic concepts and methods of political economy and use them to analyze questions like: What determines the size of the government? How do institutions shape policy choices and election outcomes? What are political business cycles?

Rahapolitiikka, 5 op

Scope

cr 5

Teachers

Dosentti Jouko Vilmunen 1001090

Time, location and registration

Time 20.01.2009 - 11.03.2009
Registration time in webOodi 01.01.2009 - 11.03.2009

Luennot (24 t): 20.01. - 11.03.2009 ti ja ke klo 16-18 ECO sh 1.

Huom.! Luennot poikkeuksellisesti ti 10.2.2009 klo 16-18 ECO sh 3-4.

Content

Kurssilla esitellään modernia rahapolitiikan analyysia. Koska rahapolitiikan analyysissa käytetyt taloustieteen valtavirtaan kuuluvat mallit ovat dynaamisen yleisen tasapainon malleja, tarkastellaan kurssilla aluksi rahaa näissä malleissa. Tarkasteluihin tuodaan sitten mukaan lyhyen aikavälin hintajäykkyyksiä, jonka yhteydessä keskustellaan niiden merkityksestä kansantalouden hitaan sopeutumisen kannalta. Tavoitteena on ymmärtää modernin yksinkertaisen dynaamisen ja odotusten merkitystä korostavan makromallin rakenne ja toiminta, jotta rahapolitiikan keskeisistä kysymyksistä, kuten uskottavuusongelmasta, stabilisaatioharhasta sekä korkosäännöistä voidaan keskustella moderneja välineitä käyttäen.

Course work and forms of study

Kurssimateriaali jaetaan luennoilla.

Loppukuulustelu 20.3.2009 klo 10-12 ECO, LS

Uusintakuulustelu 20.4.2009 klo 9 - 11 PII (Porthania).

S1. Makrotalousteorian syventävä kurssi/Advanced Macroeconomic Theory, 15 cr

Scope

cr 15

Teachers

Professor Tapio Palokangas 301078

Time, location and registration

Time 12.01.2009 - 31.03.2009
Registration time in webOodi 01.01.2009 - 31.03.2009

This course will be lectured at the University of Helsinki jointly for students of University of Helsinki and students of Helsinki School of Economics (HSE).

Lectures (40 h): 12.01. - 31.03.2009 on Mondays and on Tuesdays at 8-10, Place: Economicum, lecture room. N.B. No lectures on week 8/2009.

Time of lectures is on Monday 30th March at 8 - 12!

Students from University of Helsinki register via WebOodi, students from HSE register by filling out enclosed registration form http://www.valt.helsinki.fi/katal/opiskelu/HyHKKKerilliset_opinnot.pdf and returning it to the office of the department of economics of HSE (Ms. Kristiina Pohjanen, Arkadiankatu 7, 2nd floor) one week before the first lecture at the latest .

Exercises will be arranged separately for HSE and Univ. of Helsinki students. Demonstrations time: For Univ. of Helsinki students: Friday 10-12, Place: Main Building, room 6 on weeks 5, 6, 7, 9, 11, 12, 13 and 14; Teaching assistant: Doctoral student Fidelis Landy.

Please, see www-page: http://www.valt.helsinki.fi/blogs/palokangas/teach.htm

Target group/Course level

The course will be lectured jointly for students of the University of Helsinki and for students of Helsinki School of Economics. This course is only meant for major subject students of the department of Economics.

Content

Lectures:

The course will be lectured in English.

Modern theories of growth with an introduction to growth empirics are analyzed. The course also introduces basic theories of structural unemployment (efficiency wage and trade union theories) and analyzes modern theories of short run macroeconomic fluctuations and stabilization policy for both closed and open economies.

Literature:

P.B. Sorensen and H.J. Whitta-Jacobsen: Introducing Advanced Macroeconomics.

Course work and forms of study

Registration via WebOodi.

N.B.! Students of HSE, registration during the lecture on the first lecture week.

Exams at the University of Helsinki.

Grading

Examinations / tentit:

24.2.2009 Intermediate exam, at 8 - 10, PII (Porthania)

8.4.2009 Final exam at 14 - 17, PR (Main Building, Fabianinkatu 33), lecture room 1

11.5.2009 Second exam at 8 - 11, U40 (Unioninkatu 40), lecture room 1

1.9.2009 2nd retake at 8 - 11, ECO, LS

Delivery and assessment :

1. Exam 100%

2. Exercises +20% Website http://www.valt.helsinki.fi/blogs/palokangas/teach.htm

S2. Mikrotalousteorian syventävä kurssi/Advanced Microeconomics, 15 cr

Scope

cr 15

Teachers

Professor Matti Liski and Professor Juuso Välimäki

Time, location and registration

Time 02.09.2008 - 11.12.2008

This course, Microeconomic I and Microeconomic II, will be lectured at the Helsinki School of Economics jointly for HSE and Univ. of Helsinki students.

Lectures Microeconomic Theory I: Professor Matti Liski (first half of the Fall term) 2.9. - 16.10.2008 on Tuesdays and on Thursdays 12-14, Place: PA-301 SOK, at Helsinki School of Economics.

Homepage: https://cie.hkkk.fi/31E11000/

Lectures Microeconomic Theory II: Professor Juuso Välimäki (second half of the Fall term) 28.10. - 11.12.2008 on Tuesdays and on Thursdays 12-14, Place: PA-201 Saastamoisen säätiö at Helsinki School of Economics.

Homepage: https://cie.hkkk.fi/31E12000/

This combination of two Microeconomic Theory courses replaces the study unit S2 / 15 credits.

Exercises will be arranged separately for HSE and Univ. of Helsinki students. Meetings for problem sets of Microeconomics I: Friday, Sept. 19 at 12-14 and Friday, October 10 at 12-14, Place: HSE Main Building, Room A-301 SOK, 3rd floor. Teacher: Assistant Antti Huotari.

Meetings for problem sets of Microeconomics II: Friday, November, 21 at 12-14 and Friday, December 5 at 12-14, Place: Economicum, seminar room 1. Teacher: Assistant Antti Huotari.

Target group/Course level

The course will be lectured at the Helsinki School of Economics jointly for students of the University of Helsinki and for students of Helsinki School of Economics. This course is only meant for major subject students of the department of Economics.

Objectives

Microeconomic Theory I: This course provides students with the necessary analytical tools in microeconomic theory and their application in economic settings.

Microeconomic Theory II: This course provides students with the necessary analytical tools for studying game theory and their application in economic settings.

Content

Lectures in English.

Readings: Jehle, Geoffrey A. and Reny, Philip J. (2001): Advanced Microeconomic Theory.

31E11000 Microeconomic Theory I. This course is an advanced undergraduate course focusing on classical consumer and producer theory, with emphasis on choice under uncertainty. In consumer choice, we start by axiomatically defining rational preferences and developing a tool for analyzing such preferences (utility representation). Using the tool, we consider how the consumer choice responses to changes in the institutional framework and, ultimately, how consumers interact through markets while pursuing their private interests. In equilibrium analysis, the focus is on the relationship between efficiency, equilibrium, and distribution. In choice under uncertainty, we focus on expected utility theory and develop the standard risk theory concepts, useful in analyzing efficient public and private strategies for dealing with risk. The main objective of the course is to develop the common axiomatic language used by academic economists. In this sense, the objective is methodological but applications other than the classical theory will be discussed.

31E12000 Microeconomic Theory II. This course covers normal form games, extensive form games and games of incomplete information. In addition, the course covers the basics of mechanism design, repeated games and auctions.

Course work and forms of study

Huom.! Helsingin yliopiston opiskelijat eivät voi ilmoittautua kurssille WebOodin kautta. Ilmoittautuminen tapahtuu luennolla ensimmäisen luentoviikon aikana tai täyttämällä kurssin kotisivulla mainittu rekisteröintilomake. Luentokurssin kuulustelut pidetään kauppakorkeakoulussa.

N.B.! Students of the University of Helsinki, registration during the lecture on the first lecture week (or filling the form mentioned on the website).

Exams will be organized by the Helsinki School of Economics.

Grading

This course will be lectured at HSE jointly for HSE and Univ. of Helsinki students. Exams take place at HSE.

1. Lectures 24h + 24h

2. Exercises 4h + 4h (20% of the final grade)

3. Exam (80% of the final grade) (exams will be organized by Helsinki School of Economics; please, take contact with Ms Kristiina Pohjanen (kristiina.pohjanen@hse.fi)

Course results and retake

Examination Microeconomic Theory I

Teacher: Professor Matti Liski

Examination day: Friday 21.11.2008 and time: 14.00-18.00

Examination place: Helsinki School of Economics, Arkadia Building room E341 (Street address: Lapuankatu 6). N.B. Possible changes regarding the examination places are announced on the exam day on the Bulletin Board situated in the HSE Main Building, lobby, nearby the Information Desk.

Registration: It is not possible to attend the examination unless you have registered for it (N.B. Students of University of Helsinki have been registered for the exam on 21.11.2008).

Examination Microeconomic Theory II (31E12000) on 16.1.2009 at 14-18 at HSE. N.B. The examination places are announced on the exam day on the Bulletin Board situated in the HSE Main Building, lobby, nearby the Information Desk. If you want to attend the retake, please, take contact with Ms Kristiina Pohjanen (kristiina.pohjanen@hse.fi).

Website https://cie.hkkk.fi/31E12000/

S3. Ekonometrian jatkokurssi/Advanced Econometrics, 10 op

Scope

cr 10

Teachers

Lecturer Olli Ropponen 1004100

Time, location and registration

Time 27.10.2008 - 12.02.2009
Registration time in webOodi 21.08.2008 - 14.12.2008

The course (36 h) will be lectured in two parts: Part 1: during the second period of the Fall term and part II: at the beginning of the Spring term.

Lectures:

Part I, Lectures: 27.10. - 25.11.2008 on Mondays and on Tuesdays at 8-10, Place: Main Building, lecture room 15.

Exercises of the Part I: on Mondays 3.11., 10.11.; 17.11. and 24.11. at 10-12, Place: Main Building, aud. XVI and 25.11.2008 at 8-10, Place: Main Building, lecture room 15.

N.B. If you are not able to attend the meetings, please, submit your papers (exercises) to the box in the Economicum Building, Arkadiankatu 7 (3rd floor, the assembly hall, box labeled "S3 Advanced Econometrics") on Fridays before 14.00 o´clock prior the Monday-meetings.

Part II, Lectures: 14.1. - 12.2.2009 on Wednesdays and on Thursdays at 8-10, Place: Economicum, seminar room 3-4. N.B. No lectures on Thursday 5.2., but on Monday 2.2. at 10-12, Place: Economicum, lecture room.

Exercises of the Part II: There will be four exercise sessions on Spring. The first three of these are given on Thursdays 22.1., 29.1., from 10 to 12, Place: Main Building, aud. II and on Monday 2.2., from 12-14, Place: Economicum, seminar room 1 and the last one on Thursday 12.2. from 8 to 10 in seminar room 3-4 in the Economicum building.

N.B. 1/3 of the exercises must be done in order to participate the exam. If you cannot make it to the exercise session you can return your answers by Wednesday 4 p.m. to the box on the third floor lobby in the Economicum building.

Prerequisites

Study unit KA7.

Content

The course builds upon the introductory course in econometrics. The goal is to deepen the knowledge of the linear regression model and to get acquainted with the instrumental variables regression, models with a binary dependent variable and the basics of time series analysis.

Course work and forms of study

10.12.2008 1st mid-term exam Time and place: at 14 -17, PI (Porthania)

19.2.2009 2nd mid-term exam Time and place: at 8 - 11, ECO, ls (Economicum, lecture hall)

2.4.2009 2nd exam Time and place: at 8 - 11, ECO, ls (Economicum, lecture hall)

Seminar in economic measurement, 5 op

Scope

cr 5

Teachers

D.Soc Sc. Heikki Pursiainen 261522

Time, location and registration

Time 08.09.2008 - 01.12.2008
Registration time in webOodi 21.08.2008 - 01.12.2008

Lectures (24 h) 08.09. - 01.12.2008 on Mondays at 14-16, Place: Economicum, seminar room 1.

Content

Seminar on Economic Measurement

The seminar focuses on theoretical and practical aspects of economic measurement. Specific topics will be determined according to the participants' interests. However, suitable themes include index number theory, construction of economic time series, aggregation, measurement of output, productivity and capital, to name a few.

At each meeting a relevant scientific article is presented by either the teacher or a participant. The participants are required to familiarize themselves with the articles in advance. The exact requirements for getting the credits will be determined during the first meeting.

Course work and forms of study

12.12.2008 Final exam at 9 -11, PII (Porthania)

16.1.2009 Second exam at 9 - 11, Main Building, lecture room 6.

Taloustieteen termejä ja sovellutuksia

Scope

cr 5

Teachers

Kurssia koordinoi lehtori Juha Vehviläinen. Kurssiassistenttina on Tallamaria Maunu. 301396

Time, location and registration

Time 13.01.2009 - 25.03.2009
Registration time in webOodi 01.01.2009 - 25.03.2009

Osa 1: TTT-kurssi (Taloudelliset termit tutuiksi): luennot (20 t) 13.1. - 11.2.2009 ti ja ke 16-18 U40 sali 1.

Osa 2: Taloustieteen sovellutuksia: luennot (12 t) 10.3. - 25.3.2009 ti ja ke 16-18 U40 sali 2.

Huom.! Tätä TTS-kurssin osaa 2 ei voi suorittaa ilman ensimmäisen osan TTT-kurssia.

Compensations

Osa 1: TTT-kurssi voidaan hyväksyä vain kerran eli joko yleisopinnoissa tai tässä kansantaloustieteen opintojaksossa KA6m.

Objectives

Kurssi vie kuulijat pohtimaan kansantaloustieteen mielenkiintoisia kysymyksiä. Jokainen luento on eri aiheesta ja eri luennoitsijan antama.

Content

Kurssi koostuu kahdesta osiosta: Osa 1: TTT-kurssi (20 t) 13.1. - 11.2.2009

ja

Osa 2: Taloustieteen sovellutuksia (12 t) 10.3. - 25.3.2009.

Luentorunko:

Course work and forms of study

Opiskelija kirjoittaa luentopäiväkirjaa, jotka arvioidaan asteikolla hyväksytty/hylätty.

Topics in Economics

Scope

cr 5

Teachers

Niku Määttänen, Ph.D. 1005357

Time, location and registration

Time 29.09.2008 - 08.12.2008
Registration time in webOodi 21.08.2008 - 19.09.2008

Essay seminar, time: 29.09. - 08.12.2008 on Mondays at 12-14, Place: Economicum, Arkadiankatu 7, seminar room 2.

N.B. This seminar is cancelled (Friday 3rd October, 2008).

Prerequisites

It is recommended that the student has completed study units KA4 (microeconomic theory) and KA5 (macroeconomic theory) before taking this study unit.

Content

We will debate about various real-world public policy issues using economic theory. The course consists of weekly meetings where different topics are discussed based on newspaper articles, research papers, and textbook chapters. In addition, each student writes an essay.

Attendance is compulsory. Maximum number of students: 12.

Attendance at this seminar might be limited to major subject students of economics if the maximum number exceeds 12 students.

Tutkielmaseminaari, 20 op

Scope

cr 20

Time, location and registration

Time 09.09.2008 - 23.05.2009

Tutkielmaseminaareja pitävät:

prof. Vesa Kanniainen 15.9. - 8.12.2008 ma 16-18 ECO sh 1 ja 19.1. - 4.5.2009 ma 16-18 ECO sh 2

prof. Markku Lanne 17.9. - 10.12.2008 ke 14-16 ECO sh 1 ja 21.1. - 29.4.2009 ke 14-16 ECO sh 2 katso esittely: http://www.valt.helsinki.fi/blogs/lanne/post-80.htm

prof. Tapio Palokangas 18.9. - 11.12.2008 ja 15.1. - 7.5.2009 to 12-14 ECO sh 2; katso esittely: http://www.valt.helsinki.fi/blogs/palokangas/post26.htm

prof. Panu Poutvaara 9.9. - 9.12.2008 ja 13.1. - 12.5.2009 ti 16-18 ECO sh 2 katso esittely: http://www.valt.helsinki.fi/blogs/poutvaar/post4.htm

prof. Yrjö Vartia 15.9. - 8.12.2008 ma 16-18 ECO sh 2 ja 19.1. - 11.5.2009 ma 16-18 ECO sh 1

Seminaarinvetäjien aihepiirien esittely on nähtävissä opettajien omilla kotisivuilla/ laitoksen ilmoitustaululla (Arkadiankatu 7, 3. krs).

Content

Tutkielmaseminaarityöskentelyä on kaksi lukukautta. Kandidaattiopinnot, mikro- ja makrotalousteorian syventävät kurssit sekä äidinkielen opinnot on oltava suoritettuina seminaareihin ilmoittauduttaessa. Myös toisen lukukauden opiskelijoiden on ilmoittauduttava seminaariin. Seminaareihin ilmoittaudutaan syyslukukaudella ti 2.9.2008 klo 9-10 ECO sh 2 ja kevätlukukaudella ma 12.1.2009 klo 9-10 ECO sh 2. Huom.! Ilmoittautua voi myös etukäteen laitoksen kansliaan.

N.B. Registration for the Advanced Seminar must be done as follows:

for Fall term on 2nd of September 2008 at 9-10 Economicum, seminar room 2; for Spring term on 12th January 2009 at 9-10 Economicum, seminar room 2.

You can also submit your registration form (obtainable in the department´s office) prior to the above mentioned dates.

Yliopistonlehtori Lehmijoen seminaari

Scope

cr 4+2

Teachers

Yliopistonlehtori Ulla Lehmijoki 295440

Time, location and registration

Time 10.09.2008 - 12.05.2009

Syksyn ryhmä: 10.9. - 3.12.2008 ke klo 10-12 ECO sh 2.

Seminaariesitelmät pidetään ke 10.12.2008 klo 10-16 ECO sh 2 ja to 11.12.2008 klo 10-16 ECO sh 3-4.

Kevään ryhmä: 13.1. - 28.4.2009 ti klo 12-14 ECO sh 2.

Seminaariesitelmät pidetään ma 11.5.2009 klo 10-16 ECO sh 2 ja ti 12.5.2009 klo 10-16 ECO sh 2.

Seminaareihin ilmoittaudutaan syksyllä ti 2.9.2008 klo 9-10 ECO sh 2 ja keväällä 12.1.2009 klo 9-10 ECO sh 2. Seminaariin voi ilmoittautua myös etukäteen laitoksen kansliassa.

N.B. Registration for the Intermediate Seminar must be done as follows: for Fall term on 2nd of September 2008 at 9-10 Economicum, seminar room 2; for Spring term on 12th January 2009 at 9-10 Economicum, seminar room 2.

You can also submit your registration form (obtainable in the department´s office) prior to the above mentioned dates.

Target group/Course level

Vain pääaineopiskelijoille.